According to a bourse filing on The Saudi Stock Exchange Tadawul on March 8, 2023,
| Element List | Explanation |
|---|
| Introduction | Reference to Saudi Industrial Investment Group announcement relating to the unplanned shutdown of one of its subsidiaries (Saudi Polymers Company), The Company would like to announce the completion of all required maintenance work and the startup of all operating units as of March 7th 2023. |
| Previous Announcement | Saudi Industrial Investment Group announced an unplanned shutdown of one of its subsidiaries (Saudi Polymers Company) as a result of a technical issue in the Ethylene refrigeration unit. |
| Date of Previous Announcement on Tadawul's Website | 2023-02-12 Corresponding to 1444-07-21 |
| Percentage of fulfilled achievement | Completion of all required maintenance work and the startup of all operating units as of March 7th 2023. |
| Event's Expected Completion Date | Not applicable |
| Reasons for Exceeding the Announced End Date | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The financial impact of this shutdown is Approximately SR 230 million and will be reflected in SIIG’s Q1 2023 results. |
| Impact of the Delay on the Company's Financial Results | The financial impact of this shutdown will be reflected in SIIG Q1, 2023 results. |
| Additional Information | Not applicable |
Description: 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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Published on March 9, 2023 3:47 PM (GMT+8)
Last Updated on March 9, 2023 3:47 PM (GMT+8)
