Chemanol to provide monthly updates on delayed financial results

Chemanol will make an immediate announcement in the event of any material developments

Methanol Chemicals Co. (Chemanol) said it will provide monthly updates on developments related to the delay in publishing its financial statements.

In a statement to Tadawul, the company said it will immediately disclose any material developments.

According to Argaam data, Chemanol previously said it would be unable to publish its preliminary financial results for H1 2026, within the statutory deadline.

The delay was due to the failure to complete its 2025 annual financial statements and Q1 2026 interim financial statements on time, which postponed the completion of audit work and related financial procedures, including the review of the financial statements for the six months ended June 30, 2026.

The Saudi Exchange suspended trading in Chemanol shares for one trading session on Aug. 12 and resumed trading for up to 20 trading sessions starting Aug. 13. The company must publish its financial statements by Sept. 9.

If Chemanol fails to publish its financial statements by the deadline, trading in its shares will be suspended again from Sept. 10 until the financial statements are disclosed.