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