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Horizon Food Flags Rise in Energy Costs After New Saudi Arabian Electricity Tariffs

MT Newswires·11/02/2026 00:51:10
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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.