On May 10, 2026, Methanol Chemicals Company (Chemanol) announced that the Capital Market Authority approved its capital reduction application on May 7, 2026. The approval allows the company to reduce its capital from SAR 674,508,630 to SAR 150,000,000, consequently reducing the number of shares from 67,450,863 shares to 15,000,000 shares. The capital reduction is subject to approval by an Extraordinary General Assembly, for which the company will issue an invitation in due course along with a detailed Shareholders' Circular outlining the proposed method and expected impact.

Original announcement:

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