Qassim Cement Anticipates 5% Rise in Production Costs Due to Fuel Price Adjustment

02 Feb 2025

Riyadh -Maaalق

اقرأ المزيد

Qassim Cement announced that the adjustment in fuel prices for operating its plants in Qassim and Hail is expected to result in a 5% increase in total production costs, effective January 1, 2025.

The company reaffirmed its commitment to minimizing the financial impact while safeguarding shareholder interests through enhanced operational efficiency, sustainable development, and the implementation of cost-effective measures.

Additionally, Qassim Cement has joined the Industrial Sector Competitiveness Program, an initiative aimed at mitigating financial impact and improving energy efficiency.

This announcement follows a notice from Saudi Aramco, published on Tadawul on January 2, 2025, regarding fuel price adjustments and their anticipated financial impact.