Addendum announcement from Yanbu Cement Company regarding the receipt of notification to modify the prices of fuel products

Addendum announcement from Yanbu Cement Company regarding the receipt of notification to modify the prices of fuel products

Element List

Explanation

Introduction

Further to the company’s announcement published on Tadawul's website on 21-06-1445 corresponding to 03-01-2024 regarding receiving a notification letter from Saudi Aramco about changes in fuel products prices, the company would like to clarify the expected financial impact of that change.

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 to its valued shareholders that the expected direct financial impact in production costs is increased by 13%. In addition, the company assures that it will work during the upcoming period to study ways to reduce the financial impact of this change on the financial results. Nevertheless, the company will continue to implement its plans to reduce costs and raise the efficiency of production and operation.

Financial Impact on the change

Approximately increased by 13%

Addendum announcement from Yanbu Cement Company regarding the receipt of notification to modify the prices of fuel products