| Introduction | Alujain Corp. pleased to announce the completion of the scheduled periodic maintenance for the propylene and polypropylene complex of its subsidiary National Petrochemical Industrial Co. (NATPET), (Alujain owns 65% of its capital), with operations resuming as planned on Thursday, February 20, 2025. According to the approved plan. And during this scheduled turnaround the company scheduled to finish all the scheduled periodic maintenance work according to the scheduled plan which will have a positive impact on the efficiency of the plants and the Reliability which supports Achieving the company's future operational plans. In addition, NATPET has succeeded Increased the turnaround cycles of its plants from two to three years, which will increase the company's return on assets and thus its profits. |
| Previous Announcement | Alujain Corp. announces that the PP complex of its subsidiary (NATPET) will shutdown for periodic turnaround maintenance |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-01-26 Corresponding to 1446-07-26 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The completion of the scheduled periodic maintenance turnaround activities according to the plan for the propylene and polypropylene complex of its subsidiary (NATPET) operations resumed as planned on Thursday, February 20, 2025 |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The financial impact of this scheduled maintenance shutdown will be reflected in the company’s financial results in the 1st Quarter of 2025. |
