‎“Yansab”: Temporary halt to factories for emergency repairs ‎

Yanbu National Petrochemical Company “Yansab” announced a temporary halt to its factories, which began on August 14, 2023 AD, as a result of a technical malfunction, adding that work is currently underway to deal with the malfunction and carry out the necessary repair work.

The company indicated, in a statement on Tadawul today, that the suspension period will extend to about 11 more days, and the estimated financial impact of this suspension will reach 150 million riyals.

The company added that this stoppage will have an impact on the company’s financial results for the third and fourth quarters of the current year. Any material developments in this regard will be announced later.