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Basic Chemical Industries Expects Higher Annual Production Costs After Saudi Utility Tariff Changes

MT Newswires·10/28/2026 02:19:47
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02:19 AM EDT, 10/28/2026 (MT Newswires) -- Basic Chemical Industries Co. (SASE:1210) expects its annual production costs to rise 1% following revisions to electricity, water, and wastewater tariffs in Saudi Arabia. The Saudi Arabia-listed chemical manufacturer said Wednesday the preliminary estimate covers its operations and subsidiaries on a consolidated basis. The revised tariffs will take effect on Jan. 1, 2027, with the financial impact expected to be reflected in the company's results starting from the first quarter of 2027.