| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of the Company that was published on the Tadawul website on 16-07-1445 AH (corresponding to 28-01-2024 AD) regarding clarifying the financial impact of the company’s receipt of a notification that the price of fuel used in production has been modified, the company would like to clarify the amendment on the expected financial impact. |
| Previous Announcement | Addendum Announcement from Umm Al-Qura Cement Co. in regards to receiving a notification that the price of fuel used in production has been modified |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-01-28 Corresponding to 1445-07-16 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company announces its enrollment in the Industrial sector competitiveness program, by signing a program agreement that includes providing several solutions that help raising the efficiency and quality of energy sources used in industrial facilities, the program will contribute to reducing the company’s production costs. Accordingly, the financial impact on the increase in the production cost will be reduced to 9% instead of 11% which announced earlier, as a result of signing the agreement.
The company would like to confirm that it will seek during the upcoming period to explore additional ways to raise production efficiency and reduce costs. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The financial impact of the increase in the production cost will decrease to 9% starting from 01-01-2024 instead of 11%. |
Umm Al-Qura Cement Co. Announces an update on receiving a notification that the price of fuel used in production has been modified
