| Element List | Explanation |
|---|---|
| Announcement Detail | Southern Province Cement Company announces that it has received notification from Saudi Aramco on 01/01/2026 to adjust the prices of fuel products used in its operating activities starting from 01/01/2026. The company would like to clarify to its esteemed shareholders that the financial impact of this price adjustment will be reflected in the company's financials starting from first-quarter 2026. The expected financial impact is currently being calculated and will be announced upon completion of the calculation. It is worth noting that the company has joined the Industrial Sector Competitiveness Program starting from 2024, which will contribute to mitigating the financial impact and improving energy efficiency. The company would also like to emphasize that it is continuing to implement its strategic plans aimed at improving production and operational efficiency, and improving energy consumption efficiency which are expected to minimize the financial impact of fuel price adjustments. |
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