According to a bourse filing on the Saudi Stock Exchange Tadawul on May 1, 2023, the net loss is attributable to lower production and sales quantity resulted from the scheduled Turnaround of the company's complex for preventive maintenance as announced on Tadawul's Website on 20 November 2022, and the subsequent announcement on March 2, 2023 related to its successfully completion, noting that the expected financial impact of this preventive maintenance was estimated to 385 million Saudi Riyals. In addition to lower average sales prices for all of the products compareed to their level in the similar quarter.
The net loss is attributable to lower production and sales quantity resulted from the scheduled Turnaround of the company's complex for preventive maintenance as announced on Tadawul's Website on 20 November 2022, and the subsequent announcement on March 2, 2023 related to its successfully completion, noting that the expected financial impact of this preventive maintenance was estimated to 385 million Saudi Riyals.
Certain prior period figures have been re-classified to be aligned with the presentation in the current period
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Published on May 23, 2023 11:17 AM (GMT+8)Last Updated on May 23, 2023 11:17 AM (GMT+8)
