Saudi Company for Hardware anticipates SAR4-6 million cost hike on tariff and subsidy changes; limited impact
Saudi Company for Hardware (SACO) [4008.SE] expects an annual increase in the company’s expenses between SAR4-6 million (4-5% of 2014 net income), due to higher utilities costs, following the government announcement on changes to tariffs and subsidies. The cost increase will be reflected starting 2016. (Tadawul)
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