• Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Vision

    To be a preferred manufacturer and marketer of chemical products and build effective strategic alliances
  • Sahara Mission

    To manufacture and market quality chemical products that are in compliance with applicable local and international regulations.
    To achieve sustainability that meets customers and shareholders expectations through an efficient, motivated and productive organization.

ADDENDUM ANNOUNCEMENT FROM SAHARA PETROCHEMICALS CO. REGARDING THE COMPLETION OF THE PERIODIC MAINTENANCE FOR THE PLANTS OF ITS AFFILIATES.

October 01 2018

 

Element List

Explanation

Date of posting the previous announcement on Tadawul’s website

2018-09-12 Corresponding to 1440-01-02

Subject of the previous announcement

an emergency shutdown in one of its affiliates Companies

Change Details on development

Further to the announcement published on Tadawul's website on 12-09-2018 regarding Al-Waha Petrochemical company Shutdown, Sahara Petrochemicals Co. announces that on Friday 28-09-2018 and with the blessing of Allah, necessary maintenance works have been completed in accordance to the common engineering and manufacturing standards in the industry. And it has commenced its startup It is worth mentioning that the financial impact will be reflected in the financial results of third quarter of 2018.

Financial Impact on the change

missed opportunity for the profitability of nearly SR Twenty-three million two hundred and fifty thousand based on polypropylene prices currently prevailing in the third quarter which will affect the expected profits in the third quarter of this year.

 

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