Nama Chemicals: losses of caustic soda prills’ fire estimated at SAR 11m
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Nama Chemicals Company said that the fire broke out into the caustic soda prills unit of its affiliate, Arabian Alkali Company (SODA), has a financial impact of SAR 11m that will be reflected on Q4-2014’s financials.
The losses are covered by an insurance policy and the company expects the unit to come back to work on January 5th, 2015; the company said in a filing to Tadawul.
According to Argaam; Nama Chemicals announced, in November, a limited fire incident in the caustic soda prills unit of its affiliate, Arabian Alkali Co. (SODA), located in Jubail Industrial City.