Nama Chemicals Co. Announces an update on the latest developments in the company’s announcement of signing two contracts between the alliance of Green Dimension Company for Environmental Services and Confident Engineering International with Jubail Chemical Industries Company (JANA), a subsidiary

Nama Chemicals subsidiary, Jubail Chemical Industries Company (JANA), has commenced arbitration against the consortium of Al-Rawaq Al-Akhdar Environmental Services Company (Green Dimension) and Confident Engineering International.
The legal action follows the termination of two contracts originally signed on February 28, 2024, due to material breaches of contractual obligations and failure to perform corrective actions during the cure period.
The company intends to seek full recovery of its rights, including compensation for all damages and losses resulting from the contractual breaches.
Legal counsel is currently reviewing a separate contract regarding the Sodium Chloride Return Water Treatment Project to determine if additional arbitration proceedings are required.

Element List	Explanation
Introduction	With reference to the Company’s announcement dated 06/08/1446H (corresponding to 05/02/2025) regarding the decision to take decisive measures to terminate the contracts signed between Jubail Chemical Industries Company (JANA)—a subsidiary—and Al-Rawaq Al-Akhdar Environmental Services Company, in alliance with Confident Engineering International.
Previous Announcement	Nama Chemicals Co. Announces an update on the latest developments in the company’s announcement of signing two contracts between the alliance of Green Dimension Company for Environmental Services and Confident Engineering International with Jubail Chemical Industries Company (JANA), a subsidiary
Date of Previous Announcement on Saudi Exchange’s Website	2025-02-05 Corresponding to 1446-08-06
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	This announcement follows the Company’s previous disclosure regarding the termination of the two contracts entered into with the consortium. The consortium had previously been notified of the termination of both contracts in accordance with the provisions of the agreements dated 28 February 2024, after it was established that the consortium had materially breached its contractual obligations and failed to undertake any corrective actions despite being granted the contractual cure period to remedy such breaches. The Company affirms that the commencement of arbitration is intended to preserve its legal and contractual rights and marks the initial step toward completing the arbitration process and pursuing full recovery of its rights, including compensation for all damages and losses arising from the contractual breaches. The Company will announce any material developments in this matter in accordance with the applicable laws and regulations.
The costs associated with the event, and if they have changed or not with indication of the reasons.	It will be determined later
Additional Information	The Company further notes that its legal counsel is currently reviewing the contract relating to the Sodium Chloride Return Water Treatment Project with a view to commencing arbitration proceedings. The Company will announce any material developments in this regard as and when they become available.