The SABIC Agri-Nutrients Company announces the starting up of SAFCO 4 plant
| Element List | Explanation |
|---|---|
| Introduction | The SABIC Agri-Nutrients Company announces its latest update on the temporary shutdown for SAFCO 4 plant, which was announced on Tadawul on 30/4/1442 AH corresponding to 15/12/2020 . The company is pleased to announce the end of the maintenance activities and return to normal operation of SAFCO 4 plant on 23/05/1442 AH corresponding to 07/01/2021 . The financial impact that accumulated is 110 million Saudi Arabian Riyals. The shutdown of the plant lasted for 43 days |
| Previous Announcement | Saudi Arabian Fertilizer Co. "SAFCO" Announces the temporary shutdown of SAFCO 4 Plant for perform maintenance activities |
| Date of Previous Announcement on Tadawul's Website | 2020-12-15 Corresponding to 1442-04-30 |
| Percentage of fulfilled achievement | 100% |
| Event's Expected Completion Date | N/A |
| Reasons for Exceeding the Announced End Date | Due to additional maintenance activities need to be executed to repair the failure |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Impact of the Delay on the Company's Financial Results | The financial impact due to the delay in starting up the plant comparing to the previously announced expected period (32 days) is SR 20 million |
| Additional Information | N/A |
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