Maaden notified of fuel price update

06/01/2025 Argaam

Maaden notified of fuel price update

Saudi Arabian Mining Co. (Maaden) headquarters

Saudi Arabian Mining Co. (Maaden) received a notice from Saudi Arabian Oil Co. (Saudi Aramco) regarding adjustments to the fuel product prices used in the company's operations, effective Jan. 1, 2025.

 

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In a statement to Tadawul, Maaden said the financial impact of this increase is expected to be approximately 2.1% of the total cost of sales, according to the company’s most recent audited annual financial statements. This impact will be reflected starting in the first quarter of 2025.

 

The company added that it will work on exploring ways to reduce the financial impact of this adjustment on its financial results.

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