ASG Plastic Factory Expects Limited Financial Impact From Revised Saudi Utility Tariffs

05:39 AM EST, 11/02/2026 (MT Newswires) -- ASG Plastic Factory (SASE:9607) expects higher electricity tariffs to increase its cost of sales by 0.6%, based on preliminary estimates for the period ended June 30, 2026. The impact of revised water and sewage tariffs on the plastic products manufacturer's financial results is expected to be immaterial, as is the effect on selling and administrative expenses, the company said Monday. The revised utility tariffs will take effect on Jan. 1, 2027, with the financial impact expected to be reflected in results from the first quarter of 2027.