CHCH Raises Tomato-Paste Prices 17.5% Citing Higher Raw-Material Costs

Chin Chin Agro-Industrial Complex (ticker CHCH) said in a group A disclosure on Codal, in an amended letter dated after 4 November 2026 (13 Aban 1405), that it is raising the selling prices of its products. The board approved the rise to protect its profit margin because of higher raw-material costs and cost of goods, and instructed the managing director to implement it. The reference rate in the form, based on the 800-gram easy-open tomato paste and the 700-gram jar, goes from 2,799,000 to 3,289,000 rials, a rise of 17.5%. Codal shows these rates in rials as printed in the form, and the exact pack to which they apply is not clear from the visible text.

The company says operating revenue rises with the price increase, but because the cost of goods has also risen the gross margin percentage stays constant while the gross profit amount grows. The form puts the reference products at 80% of total revenue in the previous financial year. Prices of other products are in the letter's attachment and are not repeated here.