SPCC

18 July, 2024 15:50

An addendum announcement from the Southern Province Cement Company regarding the company’s receipt of a notification from Saudi Aramco amending the prices of fuel products used in operating the company’s factories and the financial impact on the cost of production.

Element ListExplanation
Introduction In addition to the company’s announcement published on the Tadawul website on 08/15/1445 AH corresponding to 02/25/2024 regarding the company’s receipt of a notification from Saudi Aramco amending the prices of fuel products used in operating the company’s factories and the financial impact on the cost of production
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2024-02-25 Corresponding to 1445-08-15
Hyperlink to the Previous Announcement Click Here
Change on the Development The company announces its joining the Industrial Sector Competitiveness Program, based on which the company signed an agreement with the program that includes providing several solutions that help raise the efficiency and type of energy sources used in industrial facilities, as the program will contribute to reducing production costs. The program was implemented in the Bisha Cement Factory only as a first stage. The financial impact on the company's production cost was a decrease of 1%. The company would like to confirm that it will work during the coming period to explore additional ways to raise production efficiency and reduce costs.
Financial Impact on the change Modifying the financial impact rate on the company from 12.5% to approximately 11.5% in production costs, starting from 01/01/2024.

Other Announcements

QUARA
2024-09-01

Quara Finance Co. announces its inability to post interim financial results for the period ended on 2024-06-30(Six Months)

Read More
MEYAR
2024-09-01

Meyar Co. Announces the Purchasing of Trucks (Concrete Mixers) in the amount of 1,523,750 Saudi Riyals, including VAT

Read More
BALADY
2024-09-01

An additional announcement from Balady poultry company regarding the latest developments related to the signing of an agreement between almajem food and major shareholders of Baladi poultry company to purchase shares

Read More