Addendum announcement from Saudi Industrial Investment Group regarding the official notification from Saudi Aramco received by its subsidiaries on amending the feedstock prices.

Addendum announcement from Saudi Industrial Investment Group regarding the official notification from Saudi Aramco received by its subsidiaries on amending the feedstock prices.

Element List

Explanation

Introduction

Further to SIIG announcement regarding the receipt by its subsidiaries of a notice from Saudi Aramco to amend the feedstock prices where the company wishes to clarify the preliminary estimates for the financial impact.

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website

2024-01-04 Corresponding to 1445-06-22

Hyperlink to the Previous Announcement

Click Here

Change on the Development

SIIG wishes to clarify that preliminary estimates indicate that the approximate financial impact of this rise is about 1.4% of the Cost of Goods Sold for the Joint Ventures according to the latest financial statements.

Financial Impact on the change

This impact will start with the financial results for the first quarter of 2024.

Additional Information

Non

Addendum announcement from Saudi Industrial Investment Group regarding the official notification from Saudi Aramco received by its subsidiaries on amending the feedstock prices.