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The SABIC Agri-Nutrients Company announces the starting up of SAFCO 4 plant

07/01/2021


ELEMENTEXPLANATION
IntroductionThe SABIC Agri-Nutrients Company announces its latest update on the temporary shutdown for SAFCO 4 plant, which was announced on Tadawul on 30/4/1442 AH corresponding to 15/12/2020 . The company is pleased to announce the end of the maintenance activities and return to normal operation of SAFCO 4 plant on 23/05/1442 AH corresponding to 07/01/2021 . The financial impact that accumulated is 110 million Saudi Arabian Riyals. The shutdown of the plant lasted for 43 days
Previous AnnouncementSaudi Arabian Fertilizer Co. "SAFCO" Announces the temporary shutdown of SAFCO 4 Plant for perform maintenance activities
Date of Previous Announcement on Tadawul's Website2020-12-15 Corresponding to 1442-04-30
Percentage of fulfilled achievement100%
Event's Expected Completion DateN/A
Reasons for Exceeding the Announced End DateDue to additional maintenance activities need to be executed to repair the failure
The costs associated with the event, and if they have changed or not with indication of the reasons.N/A
Impact of the Delay on the Company's Financial ResultsThe financial impact due to the delay in starting up the plant comparing to the previously announced expected period (32 days) is SR 20 million
Additional InformationN/A