Decline in production and Sales due to planned Shutdown of Saudi Ethylene & Polyethylene Co. (Associate Company) which lasted for 24 days as announced earlier, also the emergency shutdown of AL Waha plant ( Affiliate Company) as announced earlier. In addition, the reason of decrease in profits for current quarter to results of the decline of production and prices of products of companies that entered to Commercial operation phase recently, the companies are: Saudi Acrylic Acid plant (SAAC) and Sahara and Maaden Petrochemical Company (SAMAPCO).Its worth to mentioning that the current quarter has recharged in negative adjustment for sales prices of Acrylic Acid material from Dow company side for pre-commercial operation of Saudi Acrylic Acid plant.

distributed by