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Methanol Chemicals Company (Chemanol) announces that it received a notification of a price change for fuel products that are used as feedstock for its products.
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| Announcement Detail | Methanol Chemicals Company (Chemanol) announces that it received from Saudi Aramco a price change notification for fuel products that are used as feedstock for its products with effect from 01/01/2024. The company would like to clarify to its distinguished shareholders that the impact of this change will be an increase in the cost of production. Meanwhile, the company is working on calculating the expected financial impact of this change and will announce it as soon as it is completed. The company will also consider during the coming period ways of reducing the financial impact of this change on its profits. It is worth mentioning that the financial impact of the above-mentioned change will appear starting from the financial results of Q1 of 2024. |
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.
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Last Price 16.0
Net Change -0.02 (-0.12%)
Value Traded (Sar) 6,419,278.54
Volume Traded 400,088
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