Date of posting the previous announcement on Tadawul’s website
2018-11-11 Corresponding to 1440-03-03
Change Details on development
Further to the announcement published on Tadawul's website on 11 November 2018 regarding Al-Waha Petrochemical company Shutdown, Sahara Petrochemicals Co. announces that on Tuesday 11 December 2018 and with the blessing of Allah, necessary maintenance works have been completed in accordance to the common engineering and manufacturing standards in the turnaround of petrochemical industries. And it has commenced its startup activities, It is worth mentioning that the financial impact will be reflected in the financial results of fourth quarter of 2018.
Financial Impact on the change
opportunity of approximately SR 42 million according to current polypropylene prices, which will be reflected in the fourth quarter results of this year.
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