Najran Cement: Fuel Price Adjustments Result in 10% Increase in Operating Costs

Najran Cement Company announced on Thursday that it received a notification from Saudi Aramco to adjust the prices of fuel products used in its operations starting from Jan. 01, 2025, explaining that the impact of this adjustment will be an increase in operating costs by approximately 10%.

Najran Cement expects the financial impact of this adjustment to appear starting from the results of the first quarter of 2025.

The Company explained that starting in 2024, it joined the Industrial Sector Competitiveness Programme, which contributed to reducing the financial impact and improving energy consumption efficiency. Noting that it is currently operating the Waste Heat Recovery (WHR) project to generate electricity, which also contributed to reducing the financial impact of this adjustment.

The Company confirmed that work is underway to implement its plans to reduce costs and improve production and operating efficiency to reduce this impact.