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Addendum Announcement from Methanol Chemicals Co. in regard to its announce that it received a notification of a price change for fuel products that are used as feedstock for its products.
| Element List | Explanation |
|---|---|
| Introduction | Further to its announcement on Tadawul on Thursday 04/01/2024 regarding the receipt of a notice from Saudi Aramco to increase the feedstock prices effective from 01/01/2024, Methanol Chemicals Company (Chemanol) announces the expected financial impact of this notice will be an increase 2.9% of the total annual costs, according to the Company’s latest annual audited financial statements. This impact will appear starting from the first quarter of the fiscal year 2024. The company will work to find the best programs to rationalize its expenses and improve its results. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-01-04 Corresponding to 1445-06-22 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Calculating the financial impact of the price change for Gas. |
| Financial Impact on the change | increasing 2.9% of the total annual costs |
| Additional Information | None |
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 12.94
Net Change 0.56 (+4.52%)
Value Traded (Sar) 15,118,934
Volume Traded 1,185,453
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