Saudi-listed Umm Al-Qura Cement Company has estimated that the cost of cement production will increase by 11 percent as a direct financial impact of Saudi Aramco's increase in fuel product prices.

The company will work in the coming period to examine ways to reduce the financial impact of the price changes, it said in a statement to the Saudi stock exchange on Sunday.

The company received a notice from Aramco on a rise in fuel product prices used in cement production from January 1. 

Read more: Saudi-listed Arabian Cement says cement production cost to rise by 14%

Saudi firms say Aramco’s new price hikes to increase production costs

(Writing by D Madhura; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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