Media Center

 

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE EFFECT OF THE MINISTERIAL DECISION TO AMEND THE PRICES OF ENERGY PRODUCTS AND ELECTRICITY TARRIFS

 

Dec 29, 2015

With reference to the Ministerial Resolution dated Monday 17 Rabi Al-Awwal 1437 corresponding to December 28, 2015, Saudi Arabian Mining Company (Maaden) announces that there will be a financial impact on the companys profit as a result of the amendment of the prices of energy products and electricity tariffs. The company is working on determining the financial impact of this amendment in prices, and will disclose the complete details as soon as they are ready.