Nama Chemicals Approves Offer to Sell 40% Stake in JANA for SAR 200 Million

Nama Chemicals Company announced the approval of an offer from FAD Partners Financial Company to acquire 40% of the capital of Jubail Chemical Industries Company (JANA), a subsidiary of Nama Chemicals, for SAR 200 million. The non-binding offer is subject to the agreed terms and conditions.

The approval came during the company’s Ordinary General Assembly meeting (first session), where shareholders authorized the Board of Directors to:

• Finalize the transaction procedures

• Negotiate the final terms

• Sign the necessary agreements and contracts

• Undertake all required legal, accounting, and regulatory actions

The deal aims to serve the best interests of the company and its shareholders