SABIC Agri-Nutrients announces that it has received and its affiliates in KSA an official notification to increase the feedstock prices

SABIC Agri-Nutrients would like to announce receiving and its affiliates in KSA an official notification from Saudi Arabian oil company (Saudi Aramco) to increase the feedstock prices,

the expected financial impact of the feedstock prices is estimated at an increase equivalent to approximately 3.7% of the company's annual cost of sales according to the latest audited 

annual financial statement for 2023, and this impact will appear starting from the first quarter of the fiscal year 2025.

The company continues enhancing its business efficiency and development in a responsible and sustainable manner, and investing in innovation and development of production technologies 

and products, as well as maximizing the use of the advantages of the competitive infrastructure available in the Kingdom to achieve its strategic objectives.