Regarding the announcement made by the Methanol Chemicals Company "Chemanol" on the Tadawul website on June 19, 2023 AD, stating that it had signed a legally binding offer to purchase 84% of ADDAR Chemicals Company (ACC), the company is happy to report that the General Authority for Competition has issued a "No Objection Certificate" approving the completion of the acquisition transaction, noting that financial and legal due diligence and the outcomes of negotiations with lenders and creditors are still ongoing.
