| Element List | Explanation |
|---|---|
| Introduction | With reference to Methanol Chemicals Company’s announcement published on the Tadawul website on 16/06/1447 H, corresponding to 07/12/2025 regarding the claim submitted by the former owners of Al-Dar Chemicals Company requesting payment of the remaining balance of the transaction price, amounting to Forty-Three Million Eight Hundred and Ninety Thousand (43,890,000) Saudi Riyals, the Company announces that the Commercial Court in Dammam has decided to stay the proceedings of the case due to the existence of another related lawsuit, pursuant to Article 87 of the Law of Procedure before Sharia Courts. |
| Previous Announcement | Methanol Chemicals Company's (Chemanol) announcement regarding a lawsuit filed against the Company in connection with the acquisition of Addar Chemicals Company (ACC) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-12-07 Corresponding to 1447-06-16 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Commercial Court in Dammam has decided to stay the proceedings in this case due to the existence of another related lawsuit, pursuant to Article 87 of the Law of Procedure before Sharia Courts. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| 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 |
| Additional Information | Any developments concerning this case will be announced in due course. |
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