Sipchem (Sahara International Petrochemical Company) announces the latest developments regarding the expansion project of the ethylene cracker plant at the Saudi Ethylene and Polyethylene Company.

Element List	Explanation
Introduction	Further to the Company’s announcement published on Tadawul on 11-06-1445H, corresponding to 24-12-2023G, regarding the increase in production capacity of the ethylene cracker plant at the Saudi Ethylene and Polyethylene Company, one of the joint ventures of Tasnee & Sahara Olefins Company, in which Sahara Petrochemicals Company owns 32.55%. The Company is pleased to announce that the construction works for the project expansion have been completed safely and that trial production has commenced.
Previous Announcement	Sahara International Petrochemical Co. (Sipchem) announces expansion project for ethylene cracker plant at Saudi Ethylene and Polyethylene Company
Date of Previous Announcement on Saudi Exchange’s Website	2023-12-24 Corresponding to 1445-06-11
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Completion of construction works and commencement of trial production for the project
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.	The financial impact will be reflected in the financial results starting from the third quarters of 2026
Delay consequences on the Company’s financial results	N/A