Tabuk Cement anticipates SAR21 million increase in costs on subsidy and tariff changes
Tabuk Cement Company (3090.SE) expects costs to rise by SAR21 million in 2016, based on current production levels, due to the direct impact of subsidy and tariff changes announced by the Saudi government on 28 December 2015. The cost increase will be reflected starting 2016. (Tadawul) Tabuk Cement: SAR13.98 as of 07 January 2016, Rating: Sell, FV: SAR14.00 per share, MCap: USD336 million, TACCO AB / 3090.SE
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