Chemanol Unable to Report Q1 2026 Financial Results
CHEMANOL 2001.SA | 0.00 |
| Element List | Explanation |
|---|---|
| Introduction | Methanol Chemicals Company (Chemanol) wishes to clarify to its esteemed shareholders its inability to publish its financial results for the period ended 31-03-2026 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 audit procedures for the annual financial statements for the financial year 2025 have not been completed to date. Consequently, it is difficult to publish the financial statements for Q1 2026 prior to the completion of the annual financial statements. |
| A timetable for the procedures taken or to be taken by the company to post the financial results | The Company is currently working with the external auditor to finalize the audit procedures for the annual financial statements for financial year 2025. Once the annual financial statements are completed and approved, the Company will publish the financial statements for Q1 of financial year 2026. |
| 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 | 2026-05-12 Corresponding to 1447-11-25 |
| Additional Information | The Company further clarifies that the procedures for suspending the trading of listed securities will continue to be applied in accordance with the Listing Rules. |
Other Items
Methanol Chemicals Company announced its inability to publish interim financial results for the period ended March 31, 2026, due to incomplete audit procedures for the 2025 annual financial statements. The company stated that it is difficult to publish Q1 2026 financial statements prior to completion of the annual audit. Trading of the company's securities will be suspended starting May 12, 2026, and the company expects to publish results within the statutory grace period of 20 trading sessions while working with external auditors to finalize the audit procedures.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95250&anCat=1&cs=2001&locale=arNote: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.
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.