Addendum Announcement from Tabuk Cement Co. in regards to receipt of notice of an adjustment in the prices of fuel products used in production

Addendum Announcement from Tabuk Cement Co. in regards to receipt of notice of an adjustment in the prices of fuel products used in production

Element List

Explanation

Introduction

Further to Tabuk Cement Company’s announcement published on Tadawul website on 21/06/1445 AH corresponding to 03/01/2024 AD regarding receipt of notice from Saudi Arabian Oil Co. (Saudi Aramco) amending the prices of fuel products used in cement production, the company would like to clarify the expected financial impact.

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website

2024-01-03 Corresponding to 1445-06-21

Hyperlink to the Previous Announcement

Click Here

Change on the Development

the company would like to clarify that the direct financial impact is expected to be around 12% increase in production cost. The company will also work during the coming period on exploring ways to reduce the impact of this amendment on the financial results.

Financial Impact on the change

the company would like to clarify that the direct financial impact is expected to be around 12% increase in production cost. The company will also work during the coming period on exploring ways to reduce the impact of this amendment on the financial results.

Addendum Announcement from Tabuk Cement Co. in regards to receipt of notice of an adjustment