| Element List | Explanation |
|---|---|
| Announcement Detail | Alujain Corp. announces the scheduled maintenance turnaround for the propylene and polypropylene complex of its subsidiary National Petrochemical Industrial Co. (NATPET), (Alujain owns 65% of its capital), in accordance with the industrial standards of shutdown related routine and preventive maintenance programs. The maintenance work will help improving the production efficiency and plant reliability and achieving future operational plans. |
The mechanical maintenance work of the Turnaround is scheduled to start from 26-7-1446AH corresponding to 26-1-2025 and end on 18-8-1446AH corresponding to 17-2-2025.
It may be worth mentioning that such shutdown for periodic maintenance should not be considered as an opportunity loss, since it is planned in advance in accordance with industrial norms and practices and its financial impact has been taken into account when preparing 2025 budget, both in terms of the quantity of production as well as expected revenues.
Furthermore, all required precautions have been taken to avoid any impact on the company's obligations to its customers, and any other developments will be announced in due course.
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.