Alujain says NATPET’s equity intact, affirms financial strength

27/09/2017 Argaam

Alujain Corporation (Alujain) said it still owns a 57.4 percent stake in Saudi Arabia's National Petrochemical Industrial Co. (NATPET).

 

Alujain also said in a bourse statement that the company’s operations are running smoothly, backed by its strong financial position.

 

The auditor’s disclaimer of opinion on the company’s preliminary financial statements for the period ending June 30, 2017, was attributed to fulfilling some accounting criteria pertaining to consolidating NATPET’s financials, the statement added.

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