ADDENDUM ANNOUNCEMENT FROM ADVANCED PETROCHEMICAL COMPANY REGARDING THE REDUCTION IN FEEDSTOCK SUPPLY TO ITS PLANTS
|Introduction||Following the announcement of Advanced Petrochemical Company (“the Company”) on Tadawul website on September 15, 2019 regarding the reduction in feedstock supply to the Company’s plants.|
|Date of Posting the Previous Announcement of Development on Tadawul's Website||2019-09-15 Corresponding to 1441-01-16|
|Change on the Development||Advanced Petrochemical Company (“the Company”) 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||The company continues to work on evaluating the final effects to determine the financial impact.|
|Additional Information||Any material developments in this regard will be disclosed in accordance with the relevant rules and regulations.|
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