Saudi Basic Industries Corp. — Capital/Financing Update 2022

Oct 17, 2022

Saudi Basic Industries Corporation (SABIC) announces the latest developments regarding the start of commercial operation for third Ethylene Glycols Plant within its subsidiary (Jubail United Petrochemicals)

2010 · 17/10/2022 08:54:13 · Announcement #70525 · View on Saudi Exchange

Saudi Basic Industries Corporation (SABIC) announces the latest developments regarding the start of commercial operation for third Ethylene Glycols Plant within its subsidiary (Jubail United Petrochemicals)

Element List	Explanation
Introduction	Referring to the announcement made by Saudi Basic Industries Corporation (SABIC) on 15 November 2021, regarding the latest developments of establishing third Ethylene Glycols Plant within its subsidiary (Jubail United Petrochemicals)

SABIC would like to announce the start of commercial operations at United Ethylene Glycol Plant (3). The annual production capacity is 700,000 metric tons of monoethylene glycol (MEG).

The financial contribution to the company’s financial results is expected to begin during the fourth quarter of 2022. Previous Announcement Saudi Basic Industries Corporation (SABIC) announces the latest developments of establishing third Ethylene Glycols Plant within its subsidiary (Jubail United Petrochemicals) Date of Previous Announcement on Tadawul's Website 2021-11-15 Corresponding to 1443-04-10 Percentage of fulfilled achievement %100 Event's Expected Completion Date The event ended on the date of the announcement. Reasons for Exceeding the Announced End Date NA The costs associated with the event, and if they have changed or not with indication of the reasons. There is no change in the scope of the project and therefore the associated costs have not changed. Impact of the Delay on the Company's Financial Results NA Additional Information NA

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