Al-Masafi Ends Deal with Joe Energy
Saudi Arabian Refineries Company "SARCO" announced the termination of its non-binding memorandum of understanding with UAE-based "Go Energy," without reaching a final or binding agreement. The memorandum aimed to explore cooperation opportunities in the Kingdom, particularly in the fields of green hydrogen and ammonia manufacturing. The company confirmed that this cancellation does not entail any legal or financial obligations, and that the financial position and financial statements remain unaffected, with no additional costs or changes to financial expectations.
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