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Saudi Basic Industries Corporation (SABIC) announces the latest developments of establishment of an industrial complex for the production of polycarbonate in China from (Sinopec)

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Introduction Referring to the announcement made by Saudi Basic Industries Corporation (SABIC) on 26 October 2017, regarding the establishment of an industrial complex for the production of polycarbonate in China equally with (Sinopec).

SABIC would like to announce the startup of pre-commissioning activities of the project, with an annual capacity of 260 thousand tons. The financial impact will be reflected after the pre-commissioning activity and the start of commercial operation.

Previous Announcement Addendum announcement from (SABIC) regarding the establishment of an industrial complex for the production of polycarbonate in China from (Sinopec)
Date of Previous Announcement on Tadawul's Website 2017-10-26 Corresponding to 1439-02-06
Percentage of fulfilled achievement 100%
Event's Expected Completion Date NA
The costs associated with the event, and if they have changed or not with indication of the reasons. There is no change in the scope of the project and therefore the associated costs have not changed.

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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