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The Commercial Court in Dammam issued a preliminary judgment ordering Methanol Chemicals Company (Chemanol) to pay SAR 15,393,420 to the former owners of Addar Chemicals Company (ACC).
The legal claim involves payments made by the former owners toward a bank facility and operating expenses for ACC up to November 2023.
Chemanol announced its intention to file an appeal against the court's judgment and will engage a specialized law firm to take all necessary legal actions.

Element List	Explanation
Introduction	With reference to Methanol Chemicals Company’s (Chemanol) announcement published on the Tadawul website on 16/06/1447 H, corresponding to 07/12/2025 regarding the claim made by the former owners of ACC requesting the Company to pay Fifteen Million, Three Hundred Ninety-Three Thousand, Four Hundred and Twenty (15,393,420) Saudi Riyals, representing payments made by the plaintiffs toward a bank facility and operating expenses of Addar Chemicals Company up to November 2023. The Company announces that the Commercial Court in Dammam has issued a preliminary judgment ordering the Company to pay the aforementioned amount to the former owners of ACC. Furthermore, the Company announces its intention, through a specialized law firm, to file an appeal against the issued judgment and take all necessary legal actions.
Previous Announcement	Methanol Chemicals Company's (Chemanol) announcement regarding a lawsuit filed against the Company in connection with the acquisition of Addar Chemicals Company (ACC)
Date of Previous Announcement on Saudi Exchange’s Website	2025-12-07 Corresponding to 1447-06-16
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Issuance of a preliminary judgment by the Commercial Court in Dammam ordering Chemanol to pay Fifteen Million, Three Hundred Ninety-Three Thousand, Four Hundred and Twenty (15,393,420) Saudi Riyals to the former owners of ACC
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	The Company intends, through a specialized law firm, to file an appeal against the judgment and take all necessary legal actions. Any material developments regarding this case will be disclosed in due course.

Methanol Chemicals Company (Chemanol) announces the latest material developments related to the lawsuit filed against the Company in connection with the acquisition of Addar Chemicals Company (ACC)