Saudi Kayan Petrochemical : announces meeting financial conditions successfully

Saudi Kayan Petrochemical Company (Saudi Kayan) announces that as of December 18, 2014, it has met all financial conditions successfully, as per the requirements of local and international lenders. This determines the company's ability to meet its financial obligations from revenues from its operations, and that its plants are capable of manufacturing as per the planned rates. This achievement was announced by Mutlaq bin Hamad Al-Morished, Saudi Kayan Chairman, who praised all employees' efforts in achieving this milestone. By this, he added, the company's guarantee to complete major projects made by SABIC to major project financers has been fulfilled, and no significant financial impact on Saudi Kayan's results will ensue from this.