| Element List | Explanation |
|---|---|
| Introduction | With reference to Methanol Chemicals Company’s announcement published on the Tadawul website on 07/12/2025 regarding the lawsuit filed against the Company by the former owners of Addar Chemicals Company (acquired during the term of the previous Board of Directors), in which the plaintiffs demanded that Chemanol pay an amount of forty‑five million, one hundred and six thousand, five hundred and eighty‑four (45,106,584) Saudi Riyals, which they had paid as guarantors for Addar Chemicals Company’s bank loans. The Company hereby announces that, on 31/12/2025, the Commercial Court in Dammam accepted the plaintiffs' petition to amend the amount of the claim subject to the lawsuit. Accordingly, the revised claim amount is one hundred and eighty‑five million, two hundred and sixteen thousand, four hundred and thirty‑nine (185,216,439) Saudi Riyals. |
| Previous Announcement | Methanol Chemicals Company's (Chemanol) announcement regarding a lawsuit filed against the Company in connection with the acquisition transaction 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 | On 31/12/2025, the Commercial Court accepted the plaintiffs' petition to amend the amount claimed in the lawsuit to be one hundred and eighty-five million, two hundred and sixteen thousand, four hundred and thirty-nine (185,216,439) Saudi Riyals, instead of forty-five million, one hundred and six thousand, five hundred and eighty-four (45,106,584) Saudi Riyals. |
| 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. |