Ma’aden Fuel Price Adjustment Raises Costs by 2.1%”

The Saudi Arabian Mining Company (Ma’aden) announced on Monday, January 06 that it received a notification from Saudi Aramco regarding the adjustment of fuel product prices used in the company’s operations, effective from January 1, 2025.

The company stated that the financial impact of this increase is an approximate rise equivalent to 2.1% of the total cost of sales, based on the most recent audited annual financial statements. This impact will begin to reflect starting from the first quarter of the 2025 fiscal year.

In a statement published on “Tadawul,” Ma’aden affirmed that it will explore ways to mitigate the financial impact of this adjustment on its financial results.