Chemanol submits capital reduction request to CMA

Logo of Methanol Chemicals Co.

Methanol Chemicals Co. (Chemanol) submitted a request to reduce its capital to the Capital Market Authority (CMA) on Jan. 4, 2026.

In a statement to Tadawul, the company said the proposed capital reduction is subject to the approval of the relevant regulatory authorities and the extraordinary general meeting (EGM).

Chemanol added that it will disclose any material developments in due course.

According to data available with Argaam, the company’s board of directors recommended in October 2025 a reduction of capital from SAR 674.5 million to SAR 150 million, representing a decrease of 77.8%, as part of a plan to restructure the company’s capital in order to eliminate accumulated losses.

The company also plans to use SAR 53.40 million from its statutory reserve—equivalent to 59.9% of the total reserve—to cover the remaining balance of accumulated losses.