| Element List | Explanation |
|---|---|
| Previous Announcement | SABIC Agri-Nutrients Company announces that it obtained feedstock Allocation from the Ministry of Energy to Set Up a Blue (low carbon) Ammonia project in the Kingdom of Saudi Arabia |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-07-03 Corresponding to 1445-12-27 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company would like to announce receiving a letter from Ministry of Energy regarding a gas allocation update for SABIC Agri-Nutrients plant the (6th) in Jubail industrial city. Accordingly, project scope was updated to focus now on the production of 1.2 MMTA of Blue (low carbon) Ammonia. |
Company will later announce any material development related to this project including Final Investment Decision (FID) and Engineering, Procurement & Construction (EPC) contracts award.
In this regard, SABIC Agri-Nutrients Company expresses its sincere gratitude and appreciation to the Ministry of Energy for their efforts to achieve the kingdom ambitions in leading clean energy production and exporting worldwide through their support for the local companies in the sector.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.