| Element List | Explanation |
|---|---|
| Introduction | Saudi Kayan Petrochemical Company is pleased to announce the receipt of the additional ethane gas allocation document in the amount of (30,000,000) thirty million standard cubic feet per day, in accordance with the terms and conditions contained in the document. The company will be supplied with these quantities from mid-2026, or if ethane becomes available whichever is earlier. Accordingly, the total feedstock allocated to the company will be as follows: 1- The existing and additional ethane gas referred to above totals (80,000,000) eighty million standard cubic feet per day. 2- Butane feed at (70,000) seventy thousand barrels per day. This step is a strategic priority of the company in terms of achieving added value for its shareholders by improving profit margins and enhancing the position of Saudi Kayan to achieve continuous success despite the difficulties and challenges facing the petrochemical sector. The company also appreciates the efforts of the Ministry of Energy for its continuous support to the national petrochemical sector in order to achieve the Kingdom's Vision. |
| Previous Announcement | Saudi Kayan announces material development related to feedstock |
| Date of Previous Announcement on Saudi Exchange’s Website | 2021-01-04 Corresponding to 1442-05-20 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The document for the allocation of additional ethane gas in the amount of (30,000,000) thirty million standard cubic feet per day has been received by the Ministry of Energy |
| Reasons For The Delay on The Date of The Event Previously Announced | The company has proceeded to complete the requirements of the Ministry of Energy in compliance with the relevant regulations and directives |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The costs associated with the event are estimated at approximately $162 million due to the construction of several projects to meet the requirements of the Ministry of Energy |
| Delay consequences on the Company’s financial results | Not Applicable |
| Additional Information | The impact of this increase on the Company's financial statements will be reflected upon completion of the allocation of additional ethane gas, which will reflect positively on the Company's results during the second half of the fiscal year 2026, or if the availability of ethane, whichever is earlier. |
