FURTHER TO THE ANNOUNCEMENT OF SAUDI ARABIAN MINING COMPANY (MAADEN) RELATED TO ITS SUBSIDIARY MAADEN PHOSPHATE COMPANY (MPC) SHUT DOWN THE AMMONIA PLANT FOR SCHEDULED MAINTENANCE
Further to the companys announcement on Tadawul on 11/04/1435H (corresponding to 11/02/2014G), the Saudi Arabian Mining Company (Maaden) announces that its subsidiary Maaden Phosphate Company (MPC) has resumed its operations of the Ammonia plant located in Companys complex at Ras Al Khair city on Sunday 23/04/1435H (corresponding to 23/02/2014G).
Work required for the scheduled maintenance was shorter than expected from four weeks to two weeks.
The scheduled maintenance had no impact on the Companys ability to meet its obligations towards its customer and had no significant financial impact.
MPC is a limited liability company co-owned by (Maaden) (70%) and Saudi Basic Industries Corporation (SABIC) (30%).
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