| Element List | Explanation |
|---|---|
| Announcement Detail | Umm Al-Qura Cement Co. Announces that it has received a notification dated 2,January 2024 from Saudi Aramco Co. modifing the price of the fuel used in the production of cement, starting from 01-01-2024.
The company would like to clarify that the impact of this amendment will increase the cost of production. – The company is working on calculating the expected impact of the fuel price modification, and it will be announced as soon as it is completed. – The company will also work during the coming period to explore ways to reduce the financial impact of this amendment on the company’s profit. – The financial impact of this modification will appear on the interim financial statements for the first quarter of 2024. |
Umm Al-Qura Cement Co. Announces that it has received a notification that the price of fuel used in production has been modified
