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YCC

13 January, 2025 15:33

Yanbu Cement Company Announces the latest developments on the received notification from Saudi Aramco regarding the adjustment in the prices of fuel products used in production.

Element ListExplanation
Previous Announcement Yanbu Cement Company announces that it has received a notification from Saudi Aramco regarding the adjustment in the prices of fuel products used in production.
Date of Previous Announcement on Saudi Exchange’s Website 2025-01-02 Corresponding to 1446-07-02
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event With reference to the company’s announcement published on Tadawul website on 02/07/1446 corresponding to 02/01/2025, regarding the receipt of a notification letter from Saudi Aramco about the adjustment of fuel product prices used in production, the company would like to clarify to its valued shareholders that the direct financial impact on production estimated to result in an increase of approximately 10%. In addition, the company assures that it will work during the upcoming period to study ways to reduce the financial impact of this adjustment. Nevertheless, the company will continue to implement its plans to reduce costs and raise the efficiency of production and operation.
The costs associated with the event, and if they have changed or not with indication of the reasons. The financial impact of this adjustment is estimated to be around 10% increase in production cost.

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