-+ 0.00%
-+ 0.00%
-+ 0.00%
Horizon Food Flags Rise in Energy Costs After New Saudi Arabian Electricity Tariffs
Share
Listen to the news
12:51 AM EST, 11/02/2026 (MT Newswires) -- Horizon Food Co. (SASE:9564) expects its electricity and water costs to rise 15% in fiscal 2027 after revisions to electricity and water tariffs in Saudi Arabia. The Saudi Arabia-listed food company said Sunday the new tariff is not expected to materially affect its financial results. The revised electricity and water service tariffs will take effect from Jan. 1, 2027.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending