Saudi Lime says fuel price changes to raise production costs by 3.5%

Saudi Lime Industries Co. (4040.SE) said on Sunday that recent adjustments to fuel prices are expected to increase total production costs by 3.5%, effective January 1, 2025, after factoring in support from the Industrial Sector Competitiveness Program.

The company said it remains committed to adopting best practices to mitigate the financial impact, enhance operational efficiency, and support sustainable growth to maximise shareholder value.

Saudi Lime joined the Industrial Sector Competitiveness Program in 2024, a move that aims to help reduce financial burdens and improve energy efficiency.

The announcement follows a Tadawul filing on January 2, 2025, in which the company confirmed receipt of a notification regarding the revised fuel pricing used in its operations.