Alujain Corp. — Call Transcript 2023

Apr 10, 2023

Alujain Corp. Announces that it has organized a telephone meeting to discuss the financial results for 2022 with investors and financial analysts

2170 · 10/04/2023 08:01:01 · Announcement #72989 · View on Saudi Exchange

Alujain Corp. Announces that it has organized a telephone meeting to discuss the financial results for 2022 with investors and financial analysts

Element List	Explanation
Announcement Detail	In continuation of the approach of Alujain Corp. in communicating with investors and those interested in the Saudi market and enhancing the level of transparency and disclosure. On Sunday, April 9, 2023, Alujain organized a telephone interview with financial analysts and representatives of a number of investment agencies to discuss the operational performance and financial results for 2022.

The management of Alujain would also like to assure the shareholders that the company will continue to implement its strategic plan for the development of the company's assets and improve its business through:

1. Continue to increase its ownership percentage in NATPET by acquiring additional ownership shares.

2. Optimal dealing with the shares owned by NATPET from Alujain’s shares, with more than 19.9 million shares, in a way that serves the interest of the shareholders of the two companies, provided that the priority of options is to use these shares in compensation deals for swaps and purchases of shares from NATPET's current shareholders, after obtaining the required approvals and complying with all relevant requirements.

3. Accelerating work on the development of engineering works and then the construction and operation of the company's new factory to produce propylene, polypropylene and other specialized products in an integrated manner with the current NATPET factory to maximize the value of investment in the two companies.

4. Completing the negotiation work to enter into a strategic partnership with a leading global partner in the propylene and polypropylene industry, in order to transfer the required technologies and advanced knowledge capabilities for the new project, including the development of specialized products with high returns.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.