| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of the Saudi Chemical Company Holding on 03/01/2024, corresponding to 21/06/1445H, regarding the occurrence of an accident in one of the factories of its subsidiary “Saudi Chemical Company Limited” in Riyadh; the company would like to clarify to its esteemed shareholders that investigations into the causes of the accident were underway. Also, we would like to point out that the production line affected by the accident did not start commercial production. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-01-03 Corresponding to 1445-06-21 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Investigations were underway to determine the causes of the accident and the impact on the company, noting that the expected period for the conclusion of investigation cannot be determined at this time. Further announcements will follow upon any important development with regard to this subject. |
| Financial Impact on the change | We expect that the financial impact will result from the initial cost of repairs to the affected production line and will be ten million riyals, being reflected in the first quarter of the year 2024. |
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