AnnouncementDetails

Actions

Addendum Announcement from Sadara Basic Services Company a curtailment of feedstock supplies to plants in its parent Company, Sadara Chemical Compnay (Sadara).

Element ListExplanation
Introduction Following the announcement of Sadara Basic Services Company on Tadawul website on September 15, 2019 regarding a curtailment of feedstock supplies to plants in its parent Company, Sadara Chemical Company (Sadara).
Date of Posting the Previous Announcement of Development on Tadawul's Website 2019-09-15 Corresponding to 1441-01-16
Change on the Development Sadara announces an improvement in the ethane feedstock supplies from Saudi Aramco where total average curtailment went down from 16% to 10%, with the expectation to return to normal levels gradually, as stated by the Ministry of Energy.
Financial Impact on the change The company continues to work on evaluating the final effects to determine the financial impact but due to planned maintenance activities and existing inventory levels at Sadara, the curtailment of feedstock has no major impact on production, and thus there is no material financial impact expected.
Additional Information Any material developments in this regard will be disclosed in accordance with the relevant rules and regulations.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
0.0 0.0 (0.0%)
Value Traded (SAR) Volume Traded
0 0