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NAMA Chemicals Co. Announces an update the latest developments in the company’s announcement that it has received a notice of violation from the Saudi Industrial Development Fund regarding a loan to Jubail Chemical Industries Company (JANA) one of the subsidiaries
| Element List | Explanation |
|---|---|
| Introduction | Referring to the company’s announcement dated 01/06/2025, regarding the receipt of an official notice from the Saudi Industrial Development Fund concerning the two loans owed by the company |
| Previous Announcement | Nama Chemicals Company announces the latest developments in the company’s announcement that it has received a notice of violation from the Saudi Industrial Development Fund regarding a loan to Jubail Chemical Industries Company (JANA) one of the subsidiaries |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-06-01 Corresponding to 1446-12-05 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Nama Chemicals Company announces that Jubail Chemical Industries Company (JANA), a subsidiary, has received an execution order from the Administrative Enforcement Court on 24/12/2025 regarding Loan No. (1899) for a total amount of SAR 276,042,977. The company also received an Enforcement order from the Administrative Enforcement Court on 25/12/2025 regarding Loan No. (1501) for a total amount of SAR 139,873,000. The company contacted the Saudi Industrial Development Fund (SIDF) on 25/12/2025 to request a deferment for repayment, and the Fund approved granting the company a repayment extension until the end of February 2026. Furthermore, Jubail Chemical Industries Company (JANA) received on 16/02/2026 a notice of seizure and execution issued by the Administrative Execution Court, in relation to the Enforcement request received on 25/12/2025 concerning Loan No. (1501) provided by SIDF, in the amount of SAR 139,873,000. The company would like to clarify that it has been in contact with SIDF since 25/12/2025 to request a repayment deferment, and the Fund approved granting the company an extension until the end of February 2026. It is also worth noting that the company has received an official notice from SIDF indicating preliminary approval for the rescheduling of the above-mentioned loan, and negotiations with the Fund are still ongoing in this regard. The company confirms that it is continuously monitoring this matter and taking the necessary measures to address the related financial obligations, as part of its plans to manage its financial commitments and maintain the continuity of its operations. The financial impact and any material developments in this regard will be disclosed later. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | It will be announced later |
| Additional Information | The company will announce any developments in this regard as soon as they become available |
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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