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Nama for Chemicals files arbitration vs Al Rawaq Al Khadra
Namaa Chemicals announced the initiation of arbitration proceedings against a coalition comprising Al Rawaq Al Khadhir for Environmental Services and Confindent Engineering, due to their breach of commitments and the unsuccessful implementation of the calcium chloride backwater treatment project, which was not carried out as agreed. The arbitration process officially began on August 2, 2026, following the termination of the contracts concluded in February 2025, which were originally signed in February 2024. These proceedings include a claim for compensation for damages and losses resulting from the project's setbacks. The company is also reviewing a separate project related to sodium chloride backwater treatment for potential legal action, and at this stage, the financial impact cannot be confirmed as it depends on the outcome of the arbitration.
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