Methanol Chemicals Company (Chemanol) announced the results of its Ordinary General Assembly Meeting (Second Meeting), released on August 9, 2026, with the meeting held on August 6, 2026, at 7:30 PM at the Company's head office in Jubail Industrial City via the Tadawulaty system. The second meeting was convened after the first meeting failed to achieve the required quorum (attendance of 22.8%), with the second meeting recording a shareholder attendance rate of 25.8% of total share capital. Shareholders approved the Auditor's Report for the financial year ended December 31, 2025, with a 94.3% approval rate, and reviewed the Board of Directors' Report and Financial Statements for the same period. Additionally, the assembly approved the appointment of Al-Bassam & Co. (Chartered Accountants) as auditors for the financial year 2026 and the first quarter of 2027, with fees amounting to SAR 700,000 (exclusive of VAT), receiving 88.6% of votes.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.