National Gypsum receives notice of fuel price adjustment

05/01/2025 Argaam
Logo ofNational Gypsum Co.

Logo of National Gypsum Co.

National Gypsum Co. received a notice from Saudi Arabian Oil Co. (Saudi Aramco) on the rise in prices of fuel products used in production, effective Jan. 1.

 

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According to a statement to Tadawul today, Jan. 5, the company said the pricing adjustment will result in higher production costs.

 

The company is currently assessing the financial impact of this change, the statement added.

 

National Gypsum will explore ways to mitigate the financial impact of this adjustment, the statement said. The financial effect of this adjustment will begin to appear as of the financial results for the first quarter of 2025.

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