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Saudi Kayan announces material development related to feedstock

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Announcement Detail Saudi Kayan Petrochemical Company "Saudi Kayan" announces the approval of Ministry of Energy on its request to increase Ethane allocation by maximum of (30) MMSCFD based on the availability of Ethane from Gas production future projects. In accordance to the terms and conditions stated in the allocation letter, Saudi Kayan is required to submit a plan to implement conversion projects, substitute Crude Oil with Sales Gas and to liaise with Saudi Basic Industries Corporation (SABIC) to maximize the benefits of feedstock.

Worth to mention that the company will work with the ministry to develop a timeframe to start utilizing the additional feedstock, which will be announced with its positive financial impact accordingly.

Saudi Kayan value and extend its gratitude to Ministry of Energy for its unlimited support for the national petrochemical industry to fulfill the Kingdom 2030 vision.

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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