National Gypsum Company announces that it received notice of an adjustment in the prices of fuel products used in production
| Element List | Explanation |
|---|---|
| Announcement Detail | The National Gypsum Company announces that it has received a notification from Saudi Aramco dated 01-01-2025 regarding the adjustment of fuel product prices used in production starting from 01-01-2025.
The company would like to clarify to its esteemed shareholders that the impact of this adjustment will be an increase in production costs. It is worth noting that work is ongoing to calculate the expected financial impact, and it will be announced as soon as it is completed. The company will also work in the coming period to explore ways to mitigate the financial impact of this adjustment. It should be noted that the financial effect of this adjustment will begin to appear in the financial results for the first quarter of 2025. |
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