Saudi companies estimate earnings impact of 2016 budget

January 12, 2016 8:39 AM

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(Adds further disclosures) Jan 12 Saudi Arabian companies are announcing estimates of the impact on their earnings of fuel, electricity and natural gas feedstock price hikes in the 2016 state budget.

COMPANY NAME ANNUAL COST IMPACT Abdullah Abdul Mohsin al-Khodari and Sons 22.1 mln riyals in 2016, declining amount to 2020 Abdullah Al Othaim Markets Co 16 mln riyals Advanced Petrochemical 1.5 pct Al Jouf Agricultural Development Co 26 mln riyals directly, 6 mln riyals indirectly Al Jouf Cement Co...

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