SIIG announces an unplanned shutdown for one of its subsidiaries (Saudi Polymers Company)

Element List	Explanation
Announcement Detail	Saudi Industrial Investment Group announces an unplanned shutdown for one of its subsidiaries (Saudi Polymers Company) due to a temporary power outage from outside the industrial complex, which caused all project units to shut down. Noting that all other projects in the complex were not affected and are operating normally. Operations at the site are currently working on gradually restarting the impacted units, while maintaining the safety of staff and equipment, and current estimates indicate that all project units will be fully operational by the end of next week. The financial impact of this shutdown cannot be measured at this time. However, the financial impact of this shutdown will be reflected in SIIG’s Q4, 2024 results. SIIG will announce any material developments in a timely manner.

Element List

Explanation

Announcement Detail

Saudi Industrial Investment Group announces an unplanned shutdown for one of its subsidiaries (Saudi Polymers Company) due to a temporary power outage from outside the industrial complex, which caused all project units to shut down. Noting that all other projects in the complex were not affected and are operating normally.

Operations at the site are currently working on gradually restarting the impacted units, while maintaining the safety of staff and equipment, and current estimates indicate that all project units will be fully operational by the end of next week.

The financial impact of this shutdown cannot be measured at this time. However, the financial impact of this shutdown will be reflected in SIIG’s Q4, 2024 results. SIIG will announce any material developments in a timely manner.