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Addendum announcement from Power and Water Utility Company for Jubail and Yanbu (Marafiq) regarding the notification received about increasing the prices of energy products

MARAFIQ 2083 -5.17% 40.76 -2.22
Element List Explanation
Introduction Further to the Company’s announcement in Tadawul website on 22-06-1445 corresponding to 04-01-2024 regarding the Company’s receipt of a notification which includes an increase in the prices of energy products, the Company would like to clarify the expected financial impact during the year 2024.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2024-01-04 Corresponding to 1445-06-22
Hyperlink to the Previous Announcement Click Here
Change on the Development The Company would like to clarify to its valued shareholders that the expected financial impact of the increase in energy prices for the year 2024 is estimated to be 14% in the total cost of sales, based on the Company’s latest audited annual financial statements.
Financial Impact on the change The expected financial impact of the increase in energy prices for the year 2024 is estimated to be 14% in the total cost of sales, based on the Company’s latest audited annual financial statements.

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