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Methanol Chemicals Co (2001)

Last update: 03:18 PM market time.
14.66
-0.04
-0.27%
Open 14.82
Previous Close 14.70
High 14.84
Low 14.56
Stock Statistics
Volume 6,770,100
Turnover 99,451,319.88
All data are 15 minutes late during market session

News

Chemanol's sales grew by 34.68% QoQ
9 May 11:59 AM Chemanol turns profitable in Q1
Riyadh – Mubasher: Methanol Chemicals Company’s (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 …
The repayment period of the outstanding loans will be extended by an additional six years.
28 February 11:25 AM Chemanol restructures SAR 475m loans with local banks
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), …
The Capital Market Authority (CMA).
28 December 2020 09:20 AM Chemanol submits request to CMA for capital cut, raise
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 …
Photo Archive
5 November 2020 03:45 PM Chemanol losses surge 526% in Q3
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 …
Photo Archive
25 August 2020 11:13 AM Chemanol reports 263% higher loss in Q2
Riyadh – Mubasher: The net loss of Methanol Chemicals Company (Chemanol) widened by 263.3% in the second quarter (Q2) ended 30 June 2020, standing at SAR 31.28 million from SAR 8.61 million in the same period in 2019. The leap in quarterly losses …
Revenues for Q1-20 slid by 22.3% YoY
22 June 2020 09:57 AM Chemanol suffers SAR 28m losses in Q1-20
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) on Monday reported an annual surge in net losses after Zakat and tax in the first quarter (Q1) of 2020, reaching SAR 28.6 million from SAR 310,000. Revenues came at SAR 120.3 million in the …
Revenues of the Saudi firm plunged by 39.4% to SAR 113.32 million in Q3-19
30 October 2019 11:50 AM Methanol Chemicals swings to losses in Q3
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) turned to losses during the third quarter of 2019, suffering SAR 32.33 million. Revenues of the Saudi firm plunged by 39.4% to SAR 113.32 million in Q3-19, compared to SAR 187.22 million in …
The decision will come into force starting from 1 September
21 August 2019 10:00 AM Chemanol names new CEO
Riyadh – Mubasher: The board of directors of Methanol Chemicals Company (Chemanol) has approved the appointment of Ali Mohamed Al Asiri as the company’s new CEO. The decision will come into force starting from Sunday, 1 September, according to a …
The company moves to losses with SAR 8.61 million during Q2-19
8 August 2019 11:00 AM Methanol Chemicals swings to losses in 6M
Riyadh – Mubasher: Methanol Chemicals Company disclosed its interim financial results for the second quarter of 2019. The company moves to losses with SAR 8.61 million during Q2-19, versus profits of SAR 31.63 million in Q2-18, according to a …
Net losses recorded SAR 310,000 in Q1-19
8 May 2019 10:03 AM Methanol Chemicals’ Q1 losses slid 97%
Riyadh – Mubasher: Methanol Chemicals reported a 97% year-on-year fall in its losses for the first quarter of 2019. Net losses recorded SAR 310,000 in Q1-19, against SAR 10.26 million in Q1-18, according to the company’s filing to the Saudi Stock …
Revenues levelled up 2.7% to SAR 701.61 million in the January-December period of 2018
14 March 2019 04:57 PM Methanol Chemicals turns profitable in 2018
Riyadh – Mubasher: Saudi Arabia-based Methanol Chemicals Company (Chemanol) on Thursday reported turning a profit during the full-year 2018, against suffering losses in 2017. Chemanol’s net profits after calculating Zakat and Tax amounted to SAR …
Sales rose 2.26% to SAR 540.1 million in the nine-month period of the year
28 October 2018 09:56 AM Saudi Chemanol turns profitable in Q3
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) on Sunday announced it has turned profitable with SAR 22.45 million in net profits for the third quarter of 2018, against a loss of SAR 9.9 million in Q3-17. The company’s revenue increased …
Saudi Chemanol profits jump 1,107% YoY in Q2
25 July 2018 05:07 PM Saudi Chemanol profits jump 1,107% YoY in Q2
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) on Wednesday announced achieving SAR 31.63 million ($8.43 million) in profits in the second quarter of 2018, up 1,107.25% year-on-year from SAR 2.62 million ($700,000). Chemanol had incurred …
DMDS is used in oil refineries
26 June 2018 09:59 AM Saudi Chemanol, US Varsal ink deal to build chemical plant in Jubail
Riyadh – Mubasher: Saudi Arabia-based Methanol Chemicals Company (Chemanol) on Tuesday signed a memorandum of understanding (MoU) with the US-based Varsal Inc. to prepare feasibility studies for establishing a dimethyl disulfide (DMDS) plant …
The Saudi chemicals firm attributed the hike of first-quarter losses to a decrease in sales volumes
1 May 2018 10:38 AM Saudi Chemanol incurs SAR 10.26m losses during Q1
Riyadh – Mubasher: Saudi Arabia-based Methanol Chemicals Company (Chemanol) on Tuesday reported an 82.9% increase in its losses during the first quarter of 2018, compared to a year-ago period. Chemanol’s losses rose to SAR 10.26 million during the …
Chemanol’s losses decreased by 60.4% to SAR 14.8m in Q4-17
26 March 2018 05:22 PM Saudi Chemanol trims losses by 73% in 2017
Riyadh – Mubasher: Saudi Arabia-based Methanol Chemicals Company (Chemanol) reduced its losses by 72.7% during the full-year 2017. The Saudi chemical firm reduced its losses to SAR 27.7 million last year, down from SAR 101.6 million in 2016, …
The suspension will start as of 8 February
6 February 2018 00:10 PM Chemanol to suspend two units’ operation for maintenance
Riyadh – Mubasher: Saudi Arabia's Methanol Chemicals Company (Chemanol) on Tuesday announced that it would suspend the operations of Methanol and Dimethylformamide units for 21 days. The suspension will start as of 8 February to complete the …
Chemanol’s losses fell to SAR 9.9 million in Q3-17, from SAR 36.9 million in Q3-16, according to a bourse statement
1 November 2017 05:11 PM Chemanol trims losses by 73% in Q3
Riyadh – Mubasher: Saudi Arabia-based, Methanol Chemicals Company (Chemanol) on Wednesday narrowed its losses by 73.2% in the third quarter of 2017, compared to the year-ago period. Chemanol’s losses stood at SAR 9.9 million in Q3-17, compared to …
Net profits surged to SAR 2.62 million in Q2-17, from SAR 80,000 in Q2-16, according to a statement to the Saudi Stock Exchange (Tadawul)
26 July 2017 07:02 PM Chemanol profits soar 3,175% in Q2 on sales price improvement
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) on Wednesday said that its net profits jumped 3,175% year-on-year in the second quarter of 2017. Net profits surged to SAR 2.62 million in Q2-17, from SAR 80,000 in the year-ago period, …
The EGM approved amending the company’s statute in line with the New Companies Law.
6 June 2017 10:03 AM Chemanol to freeze dividends for 2016
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Methanol Chemicals Company (Chemanol) on Monday approved to not distribute cash dividends for 2017. The company aims to support its financial position and enhance its strategic plans, …
(Photo Credit: Company website)
9 May 2017 05:22 PM Chemanol narrows losses in Q1
Riyadh – Mubasher: Methanol Chemical Company (Chemanol) reported a 79.6% drop in net losses to SAR 5.61 million in the first quarter of 2017 from SAR 27.45 million ion Q1-16. The company said that losses decreased as a result for an enhancement in …
(Photo archive)
20 April 2017 10:54 AM Chemanol to discuss dividend freeze for 2016 on 18 April
Riyadh – Mubasher: Methanol Chemical Company (Chemanol) will hold its extraordinary general meeting (EGM) on 18 April to discuss the board’s recommendation to not distribute dividends for 2016. The company said that the decision aims to support …
(Photo Credit: Company website)
13 March 2017 09:58 AM Chemanol to freeze dividends for 2016
Riyadh – Mubasher: Methanol Chemical Company’s (Chemanol) board recommended on Sunday not to distribute dividends for 2016. The company said that the decision is to support the financial position of the company and enhance its strategic plans. The …
Losses decreased in 2016 to SAR 112.8 million - (Photo Archive)
18 January 2017 05:35 PM Chemanol narrows losses in Q4
Mubasher: Methanol Chemical Company (Chemanol) reported a 36.9% decline in net losses to SAR 38.1 million ($10.15 million) in the fourth quarter of 2016 compared to SAR 60.3 million ($16.1 million) the same quarter in 2015. Losses also decreased …
(Photo archive)
14 November 2016 04:22 PM Chemanol gets $10m after liquidating bank guarantee
Riyadh – Mubasher: Methanol Chemical Co.’s (Chemanol) announced on Monday that it has received an amount of $10 million as a result of liquidating a performance bank guarantee. The company said that the liquidation process was due to the …