Saudi Arabian companies have begun announcing estimates of the impact on their earnings of fuel, electricity and natural gas feedstock price hikes in the 2016 state budget.
COMPANY NAME & ANNUAL COST IMPACT:
Abdullah Abdul Mohsin Al Khodari and Sons: SAR22.1 millions ($5.88 million) in 2016, declining amount to 2020
Advanced Petrochemical: 1.5 percent
Al Jouf Agricultural Development Co: SAR26 million directly, SAR6 millio indirectly
Alujain Corp: SAR10-40 million
Electrical Industries Co: SAR3 million
Methanol Chemicals Co: SAR30 million
National Industrialization Co (Tasnee): SAR190 million
Qassim Agricultural Co: No significant impact
Rabigh Refining and Petrochemical Co: SAR300 million
Saudi Arabia Fertilizers Co (SAFCO): 8 percent
Saudi Arabian Amiantit Co: No significant impact
Saudi Arabian Mining Co (Ma’aden): Profit down SAR120 million in 2016
Saudi Basic Industries Corp (SABIC): 5 percent
Saudi Cement Co: SAR68 million
Saudi Electricity Co: Cost rise offset by higher electricity tariffs
Saudi Kayan: 8.5 percent
United Electronics Co (Extra): SAR4.4 million
Yamama Cement Co (YSCC): SAR60 million
Yanbu National Petrochemical Co (Yansab): 6.5 percent
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