Qassim Cement Faces 3% Cost Increase from Fuel Price Adjustments

QACCO

3040.SA

0.00

On June 25, 2026, Qassim Cement Company announced the expected financial impact from Saudi Aramco's fuel price adjustments, following its initial announcement on January 1, 2026. The company estimates that the fuel price changes will increase total operational costs by approximately 3% starting January 1, 2026, affecting both its Qassim and Hail plants. The company commits to implementing operational measures to mitigate the financial impact and notes its participation in the Industrial Sector Competitiveness Program since 2024, which helps reduce costs and improve energy efficiency.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96364&anCat=1&cs=3040&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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