Yansab says feedstock prices raised by Aramco

One of Yanbu National Petrochemical Co.’s factories

Yanbu National Petrochemical Co. (Yansab) received an official notice from Saudi Aramco on an increase in feedstock prices.

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The expected financial impact is estimated to be an increase in the feedstock prices equivalent to nearly 2.6% of the company's cost of sales according to the 2023 audited financial statements, the company said in a statement to Tadawul.

The financial impact will appear on Yansab’s financial statements starting from Q1 2025.

Yansab continues to enhance its business efficiency and development sustainably, as well as invest in innovation and development of production technologies and products.

The company also intends to maximize the advantages of the competitive infrastructure available in the Kingdom to achieve its strategic objectives, the statement added.