Alujain Corp. — Capital/Financing Update 2021

Aug 17, 2021

Alujain Holding Corp. Announces Purchase of shares of some shareholders of National Petrochemical Industrial Company (NATPET) in the value of SR814.6 Million

2170 · 17/08/2021 08:19:18 · Announcement #64580 · View on Saudi Exchange

Alujain Holding Corp. Announces Purchase of shares of some shareholders of National Petrochemical Industrial Company (NATPET) in the value of SR814.6 Million

Element List	Explanation
Transaction Details	Alujain Holding Corp signed a purchase agreement of 17,152,451 shares from some shareholders of its subsidiary company - National Petrochemical Industrial Company "NATPET", representing 16% of NATPET’s total shares.
Transaction Value	SR814.6 Million
Transaction Terms	N/A
Parties of the Transaction	- Alujain Holding Corp. as a buyer

- Some of NATPET shareholders as sellers Transaction Funding Method The transaction will be financed through Islamic Murabaha facilities from Alinma Bank Transaction Execution Date 2021-08-16 Corresponding to 1443-01-08 Description of the Business of the Asset forming the Subject Matter of the Transaction NATPET is a closed joint stock company with its head office in Jeddah and Propylene/Polypropylene Complex in Yanbu Industrial City to produce Propylene/Polypropylene and its derivatives, having a name plate production capacity of 400,000 tons per year of polypropylene. The authorized and paid-up capital comprised 107 million shares of SR10 per share Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction NATPET Revenues:

In 2018, an amount of SR1,530 Million.

In 2019 an amount of SR109 Million

In 2020, an amount of SR1,207 Million.

NATPET net profit:

In 2018, net profit of SR211 Million.

In 2019, net profit of SR377 Million

In 2020, net profit of SR412 Million Transaction reasons Supporting the company's strategic plans by increasing its investments Expected Impact of the Transaction on the Company and Its Operations The financial impact of this transaction will be reflected in the third quarter of 2021 Related Parties There are no related parties to the transaction

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