Element List	Explanation
Introduction	With reference to Methanol Chemicals Company’s announcement published on the Tadawul website on 10/08/2025 regarding the lawsuit filed against the Company by the former sellers of Global Company for Chemical Industries for an amount of Seventy-Three Million (73,000,000) Saudi Riyals, representing the remaining balance of the purchase price agreed upon in the contract.
Previous Announcement	Methanol Chemicals Company (Chemanol) announces the filing of a lawsuit against the Company
Date of Previous Announcement on Saudi Exchange’s Website	2025-08-10 Corresponding to 1447-02-16
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The Commercial Court in Dammam has decided to stay the proceedings until the final adjudication of another related lawsuit, in order to prevent any conflict of judgments that might arise from proceeding with the current case.
Reasons For The Delay on The Date of The Event Previously Announced	N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.	N/A
Delay consequences on the Company’s financial results	N/A
Additional Information	Any developments concerning this case will be announced in due course.