Saudi Ceramics Company (Saudi Ceramics) announced in an official statement on the Saudi Stock Exchange (Tadawul) website that it received official notification from Saudi Arabian Oil Company (Saudi Aramco) last Thursday. The notification includes a decision to amend the prices of certain fuel products used in the company's operational activities, effective from the beginning of the year after next, specifically January 1, 2026.
Details of the expected financial impact
The company explained in its statement that this adjustment to feedstock and fuel prices will have a direct impact on production costs, and this financial effect is expected to become clearly reflected in the financial results for the first quarter of 2026. The company's management confirmed that it is currently studying and accurately calculating the expected financial impact and is committed to announcing all details to shareholders and the public as soon as the necessary calculations and audits are completed.
The role of the industrial sector competitiveness program
In a related context, Saudi Ceramics noted its participation in the Industrial Sector Competitiveness Program since 2024, a program that plays a pivotal role in supporting industrial companies. The program effectively contributed during 2025 to mitigating the financial burdens resulting from price fluctuations, significantly reducing the financial impact of product price increases. The company anticipates that the program will continue its positive role during 2026, contributing to minimizing the financial impact of new adjustments and supporting efforts to improve energy efficiency.
Context of energy price reforms in the Kingdom
This announcement comes within the framework of the Kingdom of Saudi Arabia's Vision 2030, which aims to improve energy efficiency and gradually reform the pricing system for energy and water products to align with global prices. These steps are part of the Fiscal Balance Program, which seeks to maximize the economic return from natural resources, encourage industrial sectors to adopt more efficient and sustainable technologies, and reduce fuel waste.
The company's commitment to sustainable growth
Saudi Ceramics concluded its statement by reaffirming its unwavering commitment to implementing global best practices and operational procedures to enhance the efficiency of its operations. The company continues to work diligently on its strategic plans aimed at reducing operating costs and increasing production efficiency, thereby ensuring sustainable growth, safeguarding shareholder rights, and strengthening the competitiveness of its products in local and regional markets amidst current economic changes.
