Saudi Lime expects 3.5% rise in production costs after fuel price adjustment

Logo of Saudi Lime Industries Co.

Saudi Lime Industries Co. expects a 3.5% increase in total production costs following adjustments to prices of fuel products used in its operations, effective Jan. 1, 2025, according to a Tadawul statement.

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This estimate accounts for support provided under the Industrial Sector Competitiveness Program.

The company affirmed its commitment to implementing the best procedures and practices to mitigate financial impacts, enhance business efficiency, and deliver sustainable value to shareholders.

Saudi Lime joined the Industrial Sector Competitiveness Program in 2024, benefiting from the program’s cost reduction and energy efficiency initiatives.

According to data available with Argaam, the company and its subsidiary were notified by Saudi Aramco last January on fuel price change, effective Jan. 1, 2025.