Chemanol Lawsuit Proceedings Stayed by Dammam Court

CHEMANOL -1.07%

CHEMANOL

2001.SA

8.29

-1.07%

On February 10, 2026, Methanol Chemicals Company (Chemanol) announced that the Commercial Court in Dammam has decided to stay proceedings in the lawsuit related to the acquisition of Addar Chemicals Company (ACC). The lawsuit claim amount was previously amended from 45,106,584 Saudi Riyals to 185,216,439 Saudi Riyals as announced on January 1, 2026. The court stayed the proceedings to prevent potential conflicts with judgments from another related lawsuit that must be adjudicated first.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93047&anCat=1&cs=2001&locale=ar

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