| Element List | Explanation |
|---|---|
| Introduction | In reference to the announcement of Advanced Petrochemical Company (the “Company”) on Tadawul website on 18 September 2019 in regards with the reduction in feedstock supplies to the Company’s plants, the Company announces the feedstock supplies have been restored to its plants to the normal level after the announced reduction. |
| Previous Announcement | The Company announced on Tadawul website on 19/01/1441H corresponding to 18/09/2019 the following addendum announcement: |
Following the announcement of Advanced Petrochemical Company (“the Company”) on Tadawul website on September 15, 2019 regarding the reduction in feedstock supply to the Company’s plants, the Company announces an improvement in the supplies from Saudi Aramco where curtailment went down from 40% to approximately 20%, with the expectation to reach normal levels by end of September as stated by the Ministry of Energy. The company continues to work on evaluating the final effects to determine the financial impact and any material developments in this regard will be disclosed in accordance with the relevant rules and regulations.
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