Mesaieed Petrochemical Holding Co announces the results of its Board of Directors’ meeting held on 10/06/2024 and approved

The Board of Directors of Mesaieed Petrochemical Holding Company (“MPHC” or “the Company”; QE ticker: MPHC) is pleased to announce its intention to enter into a joint venture with strategic partners for the construction and operation of a salt plant.

The initial studies of the project estimate a total project cost of USD 290 million, with a total production capacity of industrial and table salt of one million tons per year. The primary purpose of the project is to secure the local demand for industrial salt. In addition, the project will cover local demand of table salt. The remaining production will be available for export.

Further details of the project will be disclosed in due course.

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