Important Update on Pricing: Notice to Our Valued Customers

The recent increase in global shipping costs and raw material prices has created a volatile pricing environment across the UAE and international markets. As a trusted supplier of cotton rags and cotton waste products, we believe in maintaining full transparency with our customers regarding these developments.

This update is issued to ensure that our customers are well-informed and can plan their purchases accordingly.

Current Market Situation

The ongoing regional and global conditions have resulted in:

• Rapid increase in shipping and logistics costs
• Fluctuations in raw material prices
• Uncertainty in supply chain stability
• Continuous changes in procurement costs

Despite these challenges, we are actively working to minimize the impact on our pricing wherever possible.

Important Pricing Update

Due to the current volatility in the market, we request all customers to take note of the following:

• Price Verification Required

All customers are requested to confirm and verify current prices with our team before placing any new orders. Prices may vary depending on market conditions at the time of order.

• Existing Agreements Update

Any previously agreed pricing, open LPOs, or contractual rates will no longer be applicable from the date of this notice. All orders moving forward will be processed based on updated pricing.

• Ongoing Cost Management Efforts

We continue to work diligently to absorb cost increases wherever feasible and offer competitive pricing to our customers.

Our Commitment to Customers

At Al Fareed Building Materials LLC, we remain committed to:

• Maintaining transparency in pricing communication
• Providing consistent product quality
• Ensuring reliable supply of cotton rags and cotton waste
• Supporting our customers during market uncertainties

We understand the importance of pricing stability for your business operations and assure you that every effort is being made to manage these changes responsibly.

Why This Update Matters

Industries such as oil & gas, automotive, marine, manufacturing, and construction rely heavily on consistent supply and predictable pricing. Sudden market fluctuations can directly impact budgeting, operations, and profitability.

This is why timely communication and price verification have become essential under current conditions.

Moving Forward

We encourage all our customers to stay in close coordination with our sales team for the latest pricing and availability updates. Our team is always ready to assist you with accurate information and timely support.

We truly appreciate your understanding and continued partnership as we navigate these changing market conditions together.

Thank you for your trust in Al Fareed Building Materials LLC.