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Naseej International Trading Flags Rise in Annual Revenue Cost on Saudi Arabia's Updated Power Service Tariff
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08:26 AM EST, 11/12/2026 (MT Newswires) -- Naseej International Trading (SASE:1213) preliminarily expects a 0.7% increase in annual cost of revenue due to Saudi Arabia's revised electricity service tariff, effective Jan. 1, 2027. Meanwhile, the carpet manufacturer said Thursday that the country's revised water service tariff is not expected to have a "significant" financial impact. To help mitigate the impact, the company is implementing several initiatives to optimize energy consumption and improve operational and production efficiency.
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