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Nama Chemicals Co. Announces Contract amendment's Sign Off with consortium consisting of Green dimension environmental services Co. and Confident Engineering International Co with Jubail Chemicals Company (JANA), subsidiary of Nama Chemicals Company
| Element List | Explanation |
|---|---|
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2022-12-15 Corresponding to 1444-05-21 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | • Regarding the contracts for wastewater treatment projects from the calcium chloride and epoxy resin plant concluded on 12-15-2022 AD, the company would like to clarify to its shareholders that there was a delay in implementation to provide the necessary financing and, accordingly, an amended contract was signed on 28-02-2024 AD for the purpose of capital financing for the treatment units for a period of five years starting commissioning through rent ending with ownership. • The expected date for starting construction of the project is 03-10-2024 AD, and expected to be completed by 08-10-2025 AD, with two months trial production After completing the project. |
| Financial Impact on the change | • The contract value increased by 26% to include financing costs. • The financial impact will be positive on the company’s financial statements starting from the fourth quarter of 2025 |
| Additional Information | • The total cost of contracts: 71,237,192 SAR |
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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