Southern Province Cement Co. Announces an update on Southern Province Cement Company announces that it has received notice of an amending in the prices of fuel products used in production.
| Element List | Explanation |
|---|---|
| Previous Announcement | Southern Province Cement Company announces that it has received notice of an amending in the prices of fuel products used in production. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-01-01 Corresponding to 1446-07-01 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Southern Province Cement Company announces the latest updates related to its receipt of notice of an amendment to the prices of fuel products used in production. The company would like to clarify to its esteemed shareholders that this amendment will lead to an increase in production cost by approximately 10%. The company confirms that it is working to reduce the financial impact of this amendment.
It is also worth noting that the company has joined the industrial sector competitiveness program starting in 2024, which will contribute to reducing the financial impact and improving the efficiency of power consumption. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | As a result of the adjustment in fuel product prices the production costs will be increased by approximately 10%. |
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