Saudi Industrial Export Co. — Capital/Financing Update 2025

Jun 19, 2025

Saudi Industrial Export Co. Announces an update on Saudi Industrial Export Company (SADIRAT) announces the latest developments regarding the announcement that its subsidiary, Haddaj Investment Company, has concluded an agreement to establish an investment fund with Faad Financial Partners Company and Nama Chemicals Company to acquire a stake in (Jubail Chemical Industries Company), one of Nama Ch

4140 · 19/06/2025 15:35:56 · Announcement #88232 · View on Saudi Exchange

Saudi Industrial Export Co. Announces an update on Saudi Industrial Export Company (SADIRAT) announces the latest developments regarding the announcement that its subsidiary, Haddaj Investment Company, has concluded an agreement to establish an investment fund with Faad Financial Partners Company and Nama Chemicals Company to acquire a stake in (Jubail Chemical Industries Company), one of Nama Ch

Element List

Explanation

Introduction

Referring to the company's announcement on February 2, 2025, that Faad Financial Partners, licensed by the Capital Market Authority under registration number 32-23270, as the fund manager, submitted a non-binding offer dated January 30, 2025, for SAR 200,000,000 (two hundred million Saudi Riyals) to Nama Chemicals Company. The offer aims to acquire 40% of the capital of Jubail Chemical Industries Company (Jana), a subsidiary of Nama Chemicals Company, through the issuance of new shares.

The Saudi Industrial Export Company (SADIRAT) announces to its shareholders the latest developments in this regard. Previous Announcement Saudi Industrial Export Company (SADIRAT) announces the latest developments regarding the announcement that its subsidiary, Haddaj Investment Company, has concluded an agreement to establish an investment fund with Faad Financial Partners Company and Nama Chemicals Company to acquire a stake in (Jubail Chemical Industries Company), one of Nama Chemicals Company’s subsidiaries. Date of Previous Announcement on Saudi Exchange’s Website 2025-02-02 Corresponding to 1446-08-03 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event The Saudi Industrial Export Company (SADIRAT) announces the signing of a binding subscription agreement between Nama Chemicals Company, Jubail Chemical Industries Company (Jana) - (one of Nama’s subsidiaries) and Faad Financial Partners Company (Fad Partners), licensed by the Capital Market Authority under license number 32-23270 dated 12/22/1446 AH corresponding to 06/19/2025 AD. Reasons For The Delay on The Date of The Event Previously Announced NONE The costs associated with the event, and if they have changed or not with indication of the reasons. NONE Delay consequences on the Company’s financial results NONE Additional Information The company will announce any developments in this regard as soon as they become available.

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.