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الاقتصادية
Nama Chemicals delays recent quarterly results
Namaa Chemicals Company clarified that it was unable to publish its financial results for the fourth quarter of last year and the first and second quarters of this year due to five main reasons. These include completing procedures to inject 200 million SAR from Fad Al-Aula Industrial Company in accordance with an investment agreement in JANA Company, which involved reducing its stake by 40%. Other reasons involve seeking approval from the Industrial Development Fund for restructuring loans, obtaining 140 million SAR in working capital financing, as well as reviewing valuations to reflect impairment provisions and assessing the adequacy of assumptions regarding business continuity based on specific factors and adjustments. This has had a significant impact on the company's financial position and cash flows. Namaa affirms that it is working with relevant parties and external auditors to complete the necessary procedures and announce the results as soon as possible. It is worth noting that Tadawul suspended the company's shares since April 30, 2026, due to its failure to publish annual financial statements. The company operates in the chemicals and petrochemicals industry with a market value of 440 million SAR, and Fahd Al-Khinaini owns the largest share of its capital.
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