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Announcement Detail |
Qassim Cement Company announces that it has received a notification on 01/01/2025 from Saudi Aramco regarding the adjustment of fuel prices used in the company’s activities, starting from 01/01/2025.
The company would like to clarify to its distinguished shareholders that this adjustment will have a financial impact on the cost of production starting from the first quarter of 2025, we are currently in the process of calculating the anticipated financial impact, and the results will be announced upon completion of the assessment.
It is worth noting that the company joined the industrial sector competitiveness program since beginning of year 2024, which will contribute to reducing the financial impact and improving energy consumption efficiency, and the company reaffirms its full commitment to implementing the best available procedures and practices to enhance the efficiency of its operations and develop them in a responsible and sustainable manner, as well as maximizing the benefits of the competitive infrastructure available in the Kingdom to achieve its strategic objectives and safeguard its shareholders' rights. |
Qassim Cement Company is a Saudi Joint Stock company, established in accordance with the Royal Decree No. M/62 on 15 Shaban, 1396H. (August 11, 1976) and registered in Buraydah City under commercial registration number 1131001224 on 28 Shaban, 1398 (August 2, 1978). On 4 of Dhu al-Hijjah 1445 AH (June 10, 2024), Qassim Cement Company announced the completion of the acquisition of Hail Cement Company (HCC) by increasing its capital through the issuance of new shares to Hail Cement Company shareholders.
Qassim Cement Co.| Building No: 4266 | Unit Number: 1 | Buraidah: 52271 - 6735 | Kingdom of Saudi Arabia
Phone : (+966) 16 316-5555
Fax : (+966) 16 381-6041
Email : qcc@qcc.com.sa