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Saudi Arabian Refineries Company (SARCO) Announces the Latest Developments Regarding the Memorandum of Understanding with AGR Renewable Energy

2030
SARCO
-1.36 %
1448/02/22     05/08/2026 15:58:59

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Introduction With reference to the announcement published by Saudi Arabian Refineries Company (SARCO) (the "Company") on the Saudi Exchange (Tadawul) website on 17/08/1447H (corresponding to 05/02/2026G) regarding the signing of a non-binding Memorandum of Understanding (MoU) by its wholly owned subsidiary, Clean Energy Company, with AGR Renewable Energy, for the purpose of purchasing the entire production of green ammonia to be produced at the company's planned green ammonia plant in Jazan Industrial City
Previous Announcement Saudi Arabian Refineries Company (SARCO) Announces the Latest Developments Regarding the Non-Binding Memorandum of Understanding with AGR Renewable Energy (the "Target Company") for the Purchase of the Entire Production of the Green Ammonia Plant to Be Produced at the Company's Planned Facility in Jazan Industrial City.
Date of Previous Announcement on Saudi Exchange’s Website 2026-02-05 Corresponding to 1447-08-17
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The non-binding Memorandum of Understanding has expired without the parties entering into a binding agreement.

The Company confirms that the expiration of the Memorandum of Understanding does not result in any financial obligations on the Company. Furthermore, this event has had no impact on the Company's financial position or financial results.

Reasons For The Delay on The Date of The Event Previously Announced N/A
The costs associated with the event, and if they have changed or not with indication of the reasons. None
Delay consequences on the Company’s financial results 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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