| Element List | Explanation |
|---|---|
| Introduction | With reference to its announcement on Tadawul website on 23/11/2023 regarding the expansion of the Methanol Plant project with the company owning the technology, Methanol Chemicals Company (Chemanol) is pleased to announce that it has recently finalized the process of selecting the contractor who meets the requirements to implement the project in accordance with the mechanism in force. |
| Previous Announcement | Methanol Chemicals Company announces the latest developments on obtaining the approval of the Ministry of Energy for allocating the required feedstock to expand the Methanol Plant |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-11-23 Corresponding to 1445-05-09 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company recently finalized the process of selecting the contractor who meets the requirements to implement the project in accordance with the mechanism in force. |
| Reasons For The Delay on The Date of The Event Previously Announced | Involvement and commitment of most of qualified contractors in other projects in the petrochemical sector. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
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