| Element List | Explanation |
|---|---|
| Announcement Detail | The Saudi Industrial Investment Group wishes to announce that its subsidiaries have received official notification from Saudi Aramco on amending the feedstock prices (sales gas and Ethan) starting from the 1st of January, 2024.
SIIG would also like to inform its shareholders that this adjustment will lead to higher production costs during the year 2024. However it is difficult to predict the financial impact of this increase due to the different quantities of the feedstock used in the production during the year at SIIG’s subsidiaries. It should be noted that the financial impact of this adjustment will start with the financial results for the first quarter of 2024. |
