Methanol Chemicals Co (2001)

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) shifted to net losses amounting to SAR 177.80 million in 2023, compared to net profits valued at SAR 206.43 million in 2022. Chemanol witnessed 32.40% year-on-year (YoY) lower revenues at …

Riyadh – Mubasher: The board of directors of Methanol Chemicals Company (Chemanol) has approved appointing Sabri Abdullah Al Ghamdi as the new CEO. Al Ghamdi will keep his responsibilities as a board member and a managing director, according to a …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) turned to net losses after Zakat and tax valued at SAR 83.62 million in the first nine months (9M) of 2023, against profits of SAR 222.38 million in 9M-22. Revenues stood at SAR 555.85 …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) swung to net losses after Zakat and tax worth SAR 59.03 million in the first half (H1) of 2023, versus net profits of SAR 194.83 million in H1-22. Chemanol posted 40.60% year-on-year (YoY) …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) shifted to net losses after Zakat and tax valued at SAR 48.84 million in the first quarter (Q1) of 2023. The incurred losses were against net profits amounting to SAR 102.67 million in …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) recorded net profits after Zakat and tax worth SAR 206.43 million in 2022, an annual decline of 15.40% from SAR 244 million. The Saudi firm posted revenues worth SAR 1.07 billion in 2022, …

Riyadh – Mubasher: The net profits after Zakat and tax of Methanol Chemicals Company (Chemanol) reached SAR 222.38 million in the first nine months (9M) of 2022, up 35.47% from SAR 164.15 million in 9M-21. Revenues surged by 29.53% year-on-year …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) signed an agreement worth nearly SAR 500 million with Global Company for Downstream Industries (GDI) on 16 October 2022. The two firms will team up to produce speciality chemicals, including …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has announced the resignation of Ali Mohamed Al Asiri from his position as the CEO of the firm. Al Asiri submitted his resignation on 25 August 2022 due to personal reasons, while it became …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has generated SAR 194.83 million in net profit after Zakat and tax during the first half (H1) of 2022, an annual jump of 116.38% from SAR 90.04 million. The company’s revenues amounted to …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has inked two Sharia-compliant Murabaha financing agreements worth SAR 695 million with Banque Saudi Fransi and Alinma Bank. The first agreement valued at SAR 455 million aims to settle all …

Riyadh – Mubasher: The net profits after Zakat and tax of Methanol Chemicals Company (Chemanol) surged by 243.60% to SAR 102.67 million in the first quarter (Q1) of 2022 from SAR 29.88 million in the year-ago period, according to the company's …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has posted a 243.60% year-on-year (YoY) hike in net profits after Zakat and tax to SAR 102.67 million during the first quarter (Q1) of 2022, compared to SAR 29.88 million. The company’s …

Riyadh – Mubasher: The board of Methanol Chemicals Company (Chemanol) has decided to withdraw the capital increase file it had submitted to the Capital Market Authority (CMA) on 4 October 2021. The decision, which came during the board meeting on …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) turned to net profits after Zakat and tax of SAR 243.98 million in 2021, against net losses of SAR 276.09 million a year earlier. Earnings per share amounted to SAR 3.62 in 2021, versus a …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has appointed Ali Abdul Aziz Al Turki as the Chairman of the board for a three-year term. Chemanol also announced the appointment of Melfi Manahi Almarzoqi as the Vice Chairman of the …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) turned to net profits of SAR 164.15 million in the first nine months of 2021, against net losses of SAR 262.34 million in the year-ago period.  Chemanol generated SAR 672.65 million in sales …

Riyadh – Mubasher: The board of Methanol Chemicals Company (Chemanol) has recommended on 9 August to increase the capital by SAR 550.49 million through a rights issue. Chemanol aims to finance and implement its business plans and future projects, …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) achieved a net profit after Zakat and tax worth SAR 90.04 million during the first half (H1) of 2021, against losses of SAR 59.88 million in H1-20. Earnings per share stood at SAR 0.75 in …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) announced that its accumulated losses have decreased to represent 0% of the capital as on 28 June 2021. Chemanol succeeded to shrink its accumulated losses after reducing the capital by SAR …

Riyadh – Mubasher: The shareholders of Methanol Chemicals Company (Chemanol) approved, during the extraordinary general meeting (EGM), a 44% capital reduction by cancelling 53.14 million shares. Chemanol will cancel one share for every 2.269 owned …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) achieved net profits after Zakat and tax of SAR 29.88 million during the first quarter (Q1) of 2021, against net losses worth SAR 28.6 million in the same period last year. The company …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) penned an agreement to restructure outstanding loans worth SAR 475 million with a consortium of local banks. The banks are the Gulf International Bank (GIB), the Saudi British Bank (SABB), …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has submitted a request to the Capital Market Authority (CMA) to reduce its capital and then increase it by way of a rights issue. It further hired Wasatah Capital as the offering financial …

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) on Thursday reported a 526.2% annual increase in quarterly losses to SAR 202.45 million, compared to SAR 32.33 million in the prior-year period. The rise in losses was primarily driven by an …