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Saudi Industrial Investment Group announces an unplanned shutdown for one of its subsidiaries (Saudi Polymers Company)
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Industrial Investment Group announces an unplanned shutdown for one of its subsidiaries (Saudi Polymers Company) due to a temporary power outage from outside the industrial complex, which caused all project units to shut down. Noting that all other projects in the complex were not affected and are operating normally. Operations at the site are currently working on gradually restarting the impacted units, while maintaining the safety of staff and equipment, and current estimates indicate that all project units will be fully operational by the end of next week. The financial impact of this shutdown cannot be measured at this time. However, the financial impact of this shutdown will be reflected in SIIG’s Q4, 2024 results. SIIG will announce any material developments in a timely manner. |
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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