| Element List | Explanation |
|---|---|
| Introduction | With reference to the Company’s announcement published on the Saudi Exchange (Tadawul) website dated 05/01/2026, regarding the Company’s receipt of a notice from Saudi Aramco concerning the adjustment of fuel product prices, including Arabian Light crude oil and industrial diesel used in production operations, effective as of 01/01/2026. |
The Company would like to clarify the expected financial impact of the adjustment in the prices of Arabian Light crude oil and industrial diesel.
The direct financial impact of the increase in the price of Arab Light crude oil used in production operations is limited, and it is not expected to have a material effect on production costs or financial results. This is attributable to the “Industrial Sector Competitiveness Program,” which has contributed to mitigating the financial impact of the increase in Arab Light crude oil prices, and its contribution is expected to continue through 2026.
In addition, the impact of the increase in the price of industrial diesel on production costs is limited and not material and is estimated at approximately 0.05%.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.