Tabuk Cement says production costs to rise 10% on fuel price hikes

07/01/2025 Argaam
Logo ofTabuk Cement Co.

Logo of Tabuk Cement Co.

Tabuk Cement Co. said the recent adjustment in fuel product prices will result in a 10% increase in production costs, according to a Tadawul statement today, Jan. 7.

 

The Saudi-listed cement producer earlier received a notice from Saudi Aramco on adjusting prices of fuel products used in its production operations, starting from Jan. 1, Argaam’s data showed.

 

For more news on listed companies

 

Following the announcement, Tabuk Cement pointed out that the relevant financial impact is poised to appear in its financial results as of Q1 2025.

 

It also noted that its joining of the Industrial Sector Competitiveness Program in 2024 is bound to help minimize the financial impact of changes in fuel product prices.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.