The Power and Water Utility Company for Jubail and Yanbu announces that it has received official notification about the increase in the prices of energy products used in production | premargin

The Power and Water Utility Company for Jubail and Yanbu announces that it has received official notification about the increase in the prices of energy products used in production

TadawulJanuary 1, 2026View on exchange

Element List	Explanation
Announcement Detail	Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces that it has received an official notification from the Saudi Arabian Oil Company (Saudi Aramco) to increase the prices of energy products, starting from 01-01-2026. The Company would like to clarify to its valued shareholders that the expected financial impact of the increase in energy prices for the year 2026 is estimated at 5.6% of the total cost of sales, based on the Company’s latest audited annual financial statements of 2024, this impact is expected to appear starting from first quarter of the fiscal year 2026. It’s worth to mention that the company is working to mitigate the financial impact of this increase by enhancing production efficiency, plant’s reliability, optimizing asset use and reducing the company costs.

Element List

Explanation

Announcement Detail

Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces that it has received an official notification from the Saudi Arabian Oil Company (Saudi Aramco) to increase the prices of energy products, starting from 01-01-2026.

The Company would like to clarify to its valued shareholders that the expected financial impact of the increase in energy prices for the year 2026 is estimated at 5.6% of the total cost of sales, based on the Company’s latest audited annual financial statements of 2024, this impact is expected to appear starting from first quarter of the fiscal year 2026.

It’s worth to mention that the company is working to mitigate the financial impact of this increase by enhancing production efficiency, plant’s reliability, optimizing asset use and reducing the company costs.