11:08 AM EDT, 10/28/2026 (MT Newswires) -- Watani Iron Steel Co (SASE:1325) expects its total cost of sales to increase 1.12% as Saudi Arabia updates the electricity consumption tariff, effective Jan. 1, 2027. The figure is based on the steel manufacturer's latest reviewed preliminary financial statements as of June 30, according to a Wednesday release. Meanwhile, the company expects no material financial impact from the updated water consumption tariff. The higher costs will start showing in the first quarter of 2027. Watani Iron Steel will continue to implement measures to improve operational efficiency and optimize energy usage to mitigate the higher costs.

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