| Element List | Explanation |
|---|---|
| Introduction | Further to the company’s announcement published on Tadawul's website on 21-06-1445 corresponding to 03-01-2024 regarding receiving a notification letter from Saudi Aramco about changes in fuel products prices, the company would like to clarify the expected financial impact of that change. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-01-03 Corresponding to 1445-06-21 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | The company would like to clarify to its valued shareholders that the expected direct financial impact in production costs is increased by 13%. In addition, the company assures that it will work during the upcoming period to study ways to reduce the financial impact of this change on the financial results. Nevertheless, the company will continue to implement its plans to reduce costs and raise the efficiency of production and operation. |
| Financial Impact on the change | Approximately increased by 13% |
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