“Southern Cement”: Adjusting fuel prices will increase production cost by 12.5%

The Southern Region Cement Company announced the direct financial impact of adjusting the fuel price, estimated at an approximately 12.5% increase in the cost of production.

The company confirms that it is working on examining ways to reduce the financial impact of this amendment on the financial results.

This comes in addition to the company’s announcement published on the Tadawul website on January 3, 2024, regarding the company’s receipt of notification of an adjustment to the price of fuel used in production.