With reference to the Ministerial Resolution dated Monday 17 Rabi Al-Awwal 1437 corresponding to December 28, 2015 regarding the increment of the Gas Price that increased from 0.75 $/MMBTU to from 1.25 $/MMBTU, with additional increase from electricity charges , the company wishes to announce to its shareholders and investors the expected financial impact from this increase in prices will be around SAR 30 million per year. Such impact will be reflected on the financial results of 2016, and this will represent an additional cost of production of about 5 % compared to 2015.The company will act according to the directives from the Board of Directors to exert all possible efforts to contain these changes specially in accordance with the prevailing low prices for our products that has already impacted negatively due to lower oil prices and the fluctuations of the global economic situations, and to enhance the efficiency of production and rationalize the expenses and to enhance the spirit of the creativity for the betterment of the performance.
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