Addendum Announcement from Methanol Chemicals Co. in regard to its announce that it received a notification of a price change for fuel products that are used as feedstock for its products.
| Element List | Explanation |
|---|---|
| Introduction | Further to its announcement on Tadawul on Thursday 04/01/2024 regarding the receipt of a notice from Saudi Aramco to increase the feedstock prices effective from 01/01/2024, Methanol Chemicals Company (Chemanol) announces the expected financial impact of this notice will be an increase 2.9% of the total annual costs, according to the Company’s latest annual audited financial statements.
This impact will appear starting from the first quarter of the fiscal year 2024.
The company will work to find the best programs to rationalize its expenses and improve its results. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-01-04 Corresponding to 1445-06-22 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Calculating the financial impact of the price change for Gas. |
| Financial Impact on the change | increasing 2.9% of the total annual costs |
| Additional Information | None |
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