Abdullah Al Othaim Markets evaluates financial impact of new utility tariffs

A.OTHAIM MARKET
4001 -1.49% 3.96 -0.06

Riyadh — Mubasher: Abdullah Al Othaim Markets Company unveiled its initial assessment regarding the financial impact of adjusted tariffs for electricity, water, and sanitation services.

The new pricing structure, governed by updated energy and water product regulations, is scheduled for implementation starting 1 January 2027, according to a bourse disclosure.

Abdullah Al Othaim Markets estimates that the revised tariffs will lead to an increase in total annual operating costs for the group and its subsidiaries.

On a consolidated basis, this impact is projected to represent approximately 0.50% of total revenues.

Meanwhile, the company expects the initial financial reflection of these adjustments to appear in its consolidated financial results starting from the first quarter (Q1) of the 2027 fiscal year.

In response to the anticipated cost increases, Abdullah Al Othaim Markets is implementing several initiatives focused on rationalizing energy consumption and improving production and operational efficiency.

The measures are intended to mitigate the overall impact of rising utility costs on the company's financial performance.

Source: Mubasher Source: {{details.article.source}}