According to a bourse filing on The Saudi Stock Exchange Tadawul on March 2, 2023, concerning the announcement of Yanbu National Petrochemical Company (YANSAB) on Tadawul in 26/04/1444H (according to Umm Al-Qura calendar) corresponding to 20 November 2022, regarding the announcement of the scheduled Turnaround of the company's complex for preventive periodic maintenance, the Company would like to announce the completion of Turnaround activities and commencing the startup the of complex, in less time than planned, Noting that the expected financial impact of this preventive maintenance is estimated to 385 million Saudi Riyals, The financial impact will appear during the first and second quarter of 2023, which will contribute to enhance reliability of the company's plants and improving its operational and production efficiency .
Previous Announcement - Yanbu National Petrochemical Company (YANSAB) announce an update on its scheduled complex Turnaround to conduct preventive maintenance
Date of Previous Announcement on Tadawul's Website - 2022-11-20 Corresponding to 1444-04-26
Percentage of fulfilled achievement - The completion of Turnaround activities and commencing the startup of the complex
Event's Expected Completion Date - The completion of Turnaround activities and commencing the startup of the complex
The costs associated with the event, and if they have changed or not with indication of the reasons. - There is no announced of the expected financial impact on November 20, 2022, due to difficulties to predict the expected financial impact of preventive maintenance witch depends on actual duration of the Turnaround, average sales prices of finished products and average feedstock prices.
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