Saudi Basic Industries Corporation (SABIC) announces the latest developments of establishing third Ethylene Glycols Plant within of its subsidiary (Jubail United Petrochemicals)

Element List	Explanation
Introduction	Referring to the announcement made by Saudi Basic Industries Corporation (SABIC) on 27 December 2017, regarding the awarding of the engineering design, procurement and construction contract for the Ethylene Glycol plant (3).

SABIC would like to announce the initial startup activities at United Ethylene Glycol Plant (3). The estimated annual production capacity is 700,000 metric tons of monoethylene glycol (MEG).

The financial impact will be reflected after the initial startup activities and the start of commercial operation. Previous Announcement (SABIC) announces the awarding of the engineering design, procurement and construction contract for the Ethylene Glycol Plant (3) within the complex of its subsidiary (Jubail United Petrochemicals) with the Korean company Samsung. Date of Previous Announcement on Tadawul's Website 2017-12-27 Corresponding to 1439-04-09 Percentage of fulfilled achievement %100 Event's Expected Completion Date NA Reasons for Exceeding the Announced End Date NA The costs associated with the event, and if they have changed or not with indication of the reasons. There is no change in the scope of the project and therefore the associated costs have not changed. Impact of the Delay on the Company's Financial Results NA

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