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Announcement Detail | Saudi Cement Company announces that it received a notification from Saudi Aramco Co. in regards of amending fuel prices that is used in plant operations, effective 01-01-2025.
Saudi Cement company would like to clarify to its esteemed shareholders that the financial impact of this amendment estimated to be around 8% increase in production cost. The company will also work to study ways to reduce the financial impact of this price increase on the company’s financial results, and this financial impact is expected to start from the financial results for the first quarter of 2025. |