2 Days
Source:
الاقتصادية
Saudi Kayan reports Q2 loss
Methanex Chemicals Company "Kimanol" announced quarterly losses exceeding 46 million SAR in the second quarter of the year, representing a 4% increase compared to the same period last year. The main reason for the losses is a 23% decrease in sales volume, due to supply chain and logistics challenges in the region. The company has decided to reduce its capital by 77.7% to offset 90.7% of accumulated losses and successfully rerouted shipments through alternative routes to minimize the financial impact.
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