| Element List | Explanation |
|---|---|
| Announcement Detail | Najran Cement Company announces that it has received notification 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 in 2024, which contributed to reducing the financial impact and improving energy consumption efficiency. The Company is currently operating its Waste Heat Recovery (WHR) Unit to generate electricity, which also contributes to reducing the financial impact of this amendment in fuel prices. The Company would like to emphasize that work is underway to implement its plans to reduce costs and improve production and operating efficiency to reduce this impact. |
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