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Addendum Announcement from Sipchem regarding curtailment of feedstock supplies for some of its subsidiaries

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Introduction Following the announcement of Sipchem dated September 15, 2019 regarding curtailment of feedstock supplies for some of its subsidiaries.
Date of Posting the Previous Announcement of Development on Tadawul's Website 2019-09-15 Corresponding to 1441-01-16
Change on the Development Sipchem announces an improvement in the supplies from Saudi Aramco where curtailment went down from 40% to approximately 20%, with the expectation to reach normal levels by end of September as stated by the Ministry of Energy.
Financial Impact on the change Sipchem continues to work on evaluating the final effects to determine the financial impact.
Additional Information Any 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.

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16.7 0.42 (+2.58%)
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