United Mining notified of gas price adjustment

05/01/2025 Argaam
Logo ofUnited Mining Industries Co.

Logo of United Mining Industries Co. 

United Mining Industries Co. was notified by Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) regarding gas price adjustments, effective as of Jan. 1, based on the notification of price change sent by Saudi Arabian Oil Co. (Saudi Aramco).

 

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In a statement to Tadawul, the company pointed out that this adjustment will result in an increase in production costs. This financial impact will appear in the financial results of the first quarter of 2025.

 

The company is calculating the expected financial impact and it will announce as soon as the calculation is complete, it added.

 

United Mining will exert its utmost efforts in the coming period to study and explore ways to mitigate the financial impact resulting from this amendment, enabling the company to achieve its goals, the statement added

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