“Riyadh Cement” receives a notice from Aramco to adjust the prices of fuel products

Riyadh Cement Company received a notice from Saudi Aramco amending the prices of fuel products used in production, starting from 01-01-2025 AD.
The company said in a statement on Tadawul Saudi Arabia: The impact of this amendment will be an increase in the cost of production, noting that work is underway to calculate the expected financial impact and will be announced as soon as it is completed. The company will also continue to explore ways to reduce the financial impact of this amendment.
It should be noted that the financial impact of this amendment will appear starting from the financial results for the first quarter of 2025.