| Element List | Explanation |
|---|---|
| Introduction | Reference to the Eastern Province Cement Company announcement on Tadawul, dated 02/07/1446 corresponding to 02/01/2025 regarding the receiving notification from Saudi Aramco for amendment prices of fuel products, the company hereby would like to clarify the latest updates related to the expected financial impact on the amendment to fuel product prices. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-01-02 Corresponding to 1446-07-02 |
| 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 used in industrial facilities. The program will contribute to reducing production costs, in addition to the company’s previous projects to develop and improve energy efficiency. Accordingly, the financial impact of the increase in production costs decreased from 4% to 3% The company would like to confirm that it will work during the coming period to explore additional solutions to raise production efficiency and reduce costs. |
| Financial Impact on the change | Amendment the financial impact ratio from 4% to approximately 3% in the production cost starting from 01/01/2024 |
| Additional Information | Nothing |
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.