Qassim Cement Company announces that it received a notification on 03-01-2024 from Saudi Aramco regarding the adjustment of fuel prices used in the company’s activities, starting from 01-01-2024

This adjustment will have a financial impact on the cost of production starting from the first quarter of 2024. We are currently in the process of calculating the anticipated financial impact, and the results will be announced upon completion of the assessment.

The company reaffirms its full dedication to minimize the anticipated financial impact and safeguarding its esteemed shareholder interests through enhancing its business efficiency, responsible and sustainable development, and the implementation of the most effective measures.