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National Industrialization Co. Announces a curtailment of feedstock supplies to the petrochemical complex in Jubail

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Announcement Detail With reference to The National Industrialization Company (Tasnee) announcement regarding a curtailment of feedstock supplies in 15/09/2019, TASNEE announces improvement in feedstock supply from Saudi Aramco as the shortage in supplies dropped from 41% to approximately 25% and expected to reach the normal level by end of September 2019 as stated by Ministry of Energy. The company is currently working on evaluating the final effects to determine the financial impact. Any developments in this regard will be disclosed accordingly.

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.

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