Chemanol Unable to Post Six Months 2026 Interim Financial Results
CHEMANOL 2001.SA | 0.00 |
| Element List | Explanation |
|---|---|
| Introduction | Methanol Chemicals Co.(2001.SA) (Chemanol) wishes to clarify to its esteemed shareholders its inability to publish its interim financial results for the period ended 30-06-2026 on the Saudi Exchange (Tadawul) website within the specified statutory deadline. |
| The reason and obstacles for the inability to post the financial results within the legal period | The primary reason for the delay in publishing the financial statements was the failure to finalize the annual financial statements for the year 2025 and the interim financial statements for the first quarter of 2026 within the prescribed timelines. This resulted in a delay in completing the audit and subsequent financial procedures, including the review of the financial statements for the period ending 30 June 2026. |
| A timetable for the procedures taken or to be taken by the company to post the financial results | The Company is currently coordinating with the external auditor, who was appointed at the General Assembly meeting held on 6 August 2026, to finalize the financial statements for the financial period ended 30 June 2026 and publish them promptly upon approval.
The Company will also take all necessary measures to ensure compliance with the applicable deadlines for the publication of its financial statements during subsequent periods, |
| The expected date for posting the financial results | Within the statutory grace period of 20 trading sessions |
| The date of suspending the trading of listed securities | 2026-08-12 Corresponding to 1448-02-29 |
| Additional Information | The Company further clarifies that the procedures for suspending the trading of listed securities will apply in accordance with the Listing Rules. |
Other Items
Methanol Chemicals Company (Chemanol) announced its inability to publish interim financial results for the period ended 30 June 2026 on the Saudi Exchange (Tadawul) website within the statutory deadline. The primary reason cited is the failure to finalize the annual financial statements for the year 2025 and the interim financial statements for the first quarter of 2026 within the prescribed timelines, which subsequently delayed the completion of the audit and review of the financial statements for the period ending 30 June 2026. The company is currently coordinating with the external auditor, who was appointed at the General Assembly meeting held on 6 August 2026, to finalize and publish the financial statements upon approval. The expected publication date is within the statutory grace period of 20 trading sessions. Trading of the company's listed securities was suspended effective 2026-08-12, in accordance with the Listing Rules.
Original announcement:
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