Saudi Arabia's Apico Forecasts Increased Costs From Revised Electricity Tariffs

01:18 AM EST, 11/03/2026 (MT Newswires) -- Arabian Plastic Industrial Co. (SASE:9548), d/b/a Apico, expects higher production costs following revisions to electricity and water tariffs in Saudi Arabia, effective Jan. 1, 2027. The plastic packaging and thermoplastic injection molding company said Tuesday that the electricity tariff increase is expected to raise costs by nearly 1% of total cost of sales, based on preliminary results for the first half and assuming unchanged consumption levels. The water tariff is expected to have no material financial impact. Apico expects the revisions to affect its results from early 2027.