| Element List | Explanation |
|---|---|
| Announcement Detail | activities Saudi Arabian Mining Company (Ma’aden) announces that it received a notification from Saudi Aramco amending the prices of fuel products used in operating the company’s activities starting from 01-01-2024. |
The expected financial impact will be an increase of approximately 3.2% of the total annual cost of sales, according to the latest audited annual financial statement, and this impact will appear starting from the first quarter of the fiscal year 2024.
The company will also work to study ways to reduce the financial impact of this amendment on the company’s financial results.
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