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United Mining Industries Flags Higher Costs Amid New Power, Water Consumption Tariffs

MT Newswires·10/29/2026 05:46:34
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05:46 AM EDT, 10/29/2026 (MT Newswires) -- United Mining Industries (SASE:9583) expects its cost of goods sold to increase by 0.64% due to the planned rise in electricity and water consumption tariffs in Saudi Arabia from Jan. 1, 2027. The Saudi building materials company expects a 0.52% increase from the electricity tariff and a 0.12% rise from the water tariff, according to a Thursday release. The company continues to implement initiatives to mitigate the financial impact of the tariff adjustments.