National Industrialization Co. — Capital/Financing Update 2021

Jun 20, 2021

National Industrialization Co. Announces an update on National Industrialization Company (Tasnee) announces its plan to conduct a temporary suspension of the SEPC plants for periodic maintenance and the projected financial impact of SEPC is in the amount of 90 million riyals.

2060 · 20/06/2021 08:54:59 · Announcement #63806 · View on Saudi Exchange

National Industrialization Co. Announces an update on National Industrialization Company (Tasnee) announces its plan to conduct a temporary suspension of the SEPC plants for periodic maintenance and the projected financial impact of SEPC is in the amount of 90 million riyals.

Element List	Explanation
Introduction	With reference to the announcement of the National Industrialization Company (Tasnee) on the Tadawul Website on April 14, 2021 regarding the suspension of the Saudi Ethylene and Polyethylene Company “SEPC” plant for scheduled periodic maintenance, Tasnee is pleased to announce that maintenance has been successfully completed and the operation of the Company’s plant has been finalized on June 20, 2021. Therefore, all maintenance has been completed and no change has been made in the previously announced financial impact, and the Company indicates that this maintenance will have a positive impact on the reliable and efficient operation of the Company’s plants.
Previous Announcement	National Industrialization Company (Tasnee) announces its plan to conduct a temporary suspension of the SEPC plants for periodic maintenance and the projected financial impact of SEPC is in the amount of 90 million riyals.
Date of Previous Announcement on Tadawul's Website	2021-04-14 Corresponding to 1442-09-02
Percentage of fulfilled achievement	100%
Event's Expected Completion Date	20/06/2021
The costs associated with the event, and if they have changed or not with indication of the reasons.	No change has been made in the financial impact, as previously announced on April 14,2021

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