Nama Chemicals Co. Announces the latest developments in the company’s announcement that it has received a notice of violation from the Saudi Industrial Development Fund regarding a loan to Jubail Chemical Industries Company (JANA) one of the subsidiaries

The Company would like to clarify that it received on 26/02/2026 SIDF’s approval to grant the Company a payment extension for both loans until the end of May 2026, subject to the final approval of the Administrative Enforcement Court.

Accordingly, the Company submitted the letters of approval for the payment extensions to the competent court departments by filing enforcement disputes for both enforcement requests filed against the Company. A hearing has been scheduled for the payment extension request related to Loan No. (1501), while the Company is still awaiting the scheduling of a hearing for the payment extension request related to Loan No. (1899).

The Company further wishes to clarify that, based on its understanding with SIDF, it has sent a letter on to the Fund on 26/02/2026 requesting rescheduling of both loans, and the Company is still awaiting SIDF’s response regarding this request.

The Company confirms that it is closely monitoring this matter and taking the necessary steps to manage the related financial obligations, as part of its plans to maintain financial stability and ensure continuity of its operations.

Any material developments related to this matter will be disclosed in due course