Tadawul adjusts Chemanol's reference price following capital reduction

CHEMANOL
2001 1.37% 8.87 0.12

Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced that the daily price fluctuation limit for Methanol Chemicals Company (Chemanol) will be calculated based on a reference price of SAR 39.88.

This adjustment follows the extraordinary general meeting held on 14 July 2026, where shareholders approved a reduction in the company's capital.

Despite the price adjustment, trading in the company's shares remains suspended due to its failure to publish required financial statements.

The Securities Depository Center (Edaa) is scheduled to reflect the capital reduction in shareholder portfolios on 19 July. The move comes as part of the company's efforts to restructure its capital base, although the suspension will persist until the regulatory requirements for financial reporting are met.

The exchange will monitor the situation regarding the disclosure of the company's financial results before resuming trading activities.

Chemanol issued a follow-up disclosure regarding its Ordinary General Meeting (OGM) scheduled for 6 August 2026.

The company announced the addition of the audit committee report for 2025 in English as an attachment for shareholder review.

Source: Mubasher Source: {{details.article.source}}