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Saudi Arabian Mining Company (Ma'aden) announces an update on the unscheduled shutdown of the Ammonia Plant of its subsidiary Ma’aden Phosphate Company

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Introduction Further to the Company’s announcement on 11/10/1442H (corresponding to 23/05/2021) regarding the unscheduled shutdown of the Ammonia Plant of its subsidiary Ma’aden Phosphate Company.

Saudi Arabian Mining Company (Ma'aden) is pleased to announce the completion of the maintenance activities of its subsidiary "Ma’aden Phosphate Company" due to the shutdown the company took the opportunity to bring forward the scheduled periodic maintenance of the plant, thus that operations will resume today, Wednesday 29 September 2021.

Previous Announcement The unscheduled shutdown of the Ammonia Plant of its subsidiary Ma’aden Phosphate Company
Date of Previous Announcement on Tadawul's Website 2021-05-23 Corresponding to 1442-10-11
Percentage of fulfilled achievement 100%
Event's Expected Completion Date 22/02/1443H corresponding to 29/09/2021
Reasons for Exceeding the Announced End Date NA
The costs associated with the event, and if they have changed or not with indication of the reasons. The financial impact of the shutdown is calculated based on the maintenance costs, insurance coverage, and the difference between the target amount of the production and the sales prices during the shutdown period. According to the available data, the Company considers the financial impact of such shutdown is "nonmaterial". The Company assures that this shutdown did not affect the Company's ability to produce phosphate fertilizers or its obligations towards its customers and to meet the target production. As the Company invest in the excellence operational program to boost the production capacity and taking precautionary measures for business continuity.
Impact of the Delay on the Company's Financial Results NA
Additional Information Ma’aden Phosphate Company is a limited liability company co-owned by Ma’aden (70%) and Saudi Basic Industries Corporation (SABIC) (30%).

The Capital Market Authority and the Saudi Stock 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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