| Element List | Explanation |
|---|---|
| Introduction | With reference to Methanol Chemicals Company’s announcement published on the Tadawul website on 07/12/2025 regarding the lawsuit filed against the Company by the former owners of Addar Chemicals Company (acquired during the term of the previous Board of Directors), in which the plaintiffs demanded that Chemanol pay an amount of forty‑five million, one hundred and six thousand, five hundred and eighty‑four (45,106,584) Saudi Riyals, which they had paid as guarantors for Addar Chemicals Company’s bank loans. |
The Company hereby announces that, on 31/12/2025, the Commercial Court in Dammam accepted the plaintiffs' petition to amend the amount of the claim subject to the lawsuit.
Accordingly, the revised claim amount is one hundred and eighty‑five million, two hundred and sixteen thousand, four hundred and thirty‑nine (185,216,439) Saudi Riyals.
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