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Correction announcement from Saudi Industrial Export Co. in regards to signing a Memorandum of Understanding with Oil Sustainability Program
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website | 2023-05-19 Corresponding to 1444-10-29 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | 1- Counterparty 2- Memorandum Subject 3- Additional Information |
| Correct Statement | 1- Oil Sustainability Program. 2-Memorandum Subject: - The two parties will harmonize and implement joint plans, initiatives, and activities to increase energy access - Harmonizing strategic directions, within the limits of the targeted geographical scope of the two parties. 3- The Oil Sustainability Program (OSP) was established in 2020 with the participation of 17 entities, including government and non-governmental agencies under the umbrella of the Supreme Committee for Hydrocarbon Materials. OSP’s objectives are to raise the economic and environmental efficiency of hydrocarbons through innovative approaches, promoting the integration between multiple industries, sustaining and promoting and enabling the use of polymer-based materials through supporting the localization of the supply chain in the Kingdom of Saudi Arabia. OSP has identified and prioritized potential opportunities in the transportation, utilities, and materials sectors; thereby, promoting sustainability, development, and innovation. |
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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