Riyadh – Mubasher: Basic Chemical Industries Company (BCI) expects a rise in annual production costs following adjustments to electricity, water, and sanitation service tariffs.
Based on a preliminary assessment of its operations and those of its subsidiaries, the company projects that the new tariffs will increase total consolidated annual production costs by 1%.
The adjustments are part of the governance procedures for amending energy and water product prices, with the new rates scheduled to take effect starting 1 January 2027.
BCI stated that the financial impact of these changes will begin to be reflected in its consolidated financial results starting from the first quarter (Q1) of 2027.
The company confirmed it will monitor the situation and disclose any material developments in accordance with relevant regulations and instructions.
In the first half (H1) of 2026, BCI logged higher net profit at SAR 22.88 million, compared to SAR 1.09 million in H1-25.
