Methanol Chemicals Co (2001)

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News

1 April 2025 09:26 PM Chemanol incurs 53% higher net losses in 2024

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) suffered net losses worth SAR 272.30 million in 2024. The negative results marked a 53.15% annual increase compared to SAR 177.80 million in 2023, according to the financial results. The …

Financial Results

4 August 2024 03:44 PM Chemanol incurs 11% lower net losses in H1-24

Riyadh – Mubasher: The net losses of Methanol Chemicals Company (Chemanol) retreated by 11.06% year-on-year (YoY) to SAR 52.50 million in the first half (H1) of 2024, compared to SAR 59.03 million. The revenues amounted to SAR 352.31 million in …

Financial Results

25 June 2024 00:15 PM Chemanol inks 20-year contract with Aramco’s subsidiary

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has signed an agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP), a subsidiary of Saudi Arabian Oil Company (Aramco), to supply 100,000 tonnes of methanol annually …

Companies Investments

20 May 2024 01:40 PM Chemanol’s net losses shrink 50% in Q1-24 financials

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) registered 49.91% lower net losses at SAR 24.46 million in the first quarter (Q1) of 2024, compared to SAR 48.84 million in Q1-23. Revenues dropped by 1.15% to SAR 183.27 million as of 31 …

Financial Results

17 March 2024 04:22 PM Chemanol’s losses hit SAR 178m in 2023

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) shifted to net losses amounting to SAR 177.80 million in 2023, compared to net profits valued at SAR 206.43 million in 2022. Chemanol witnessed 32.40% year-on-year (YoY) lower revenues at …

Financial Results

7 March 2024 02:51 PM Chemanol’s board appoints new CEO

Riyadh – Mubasher: The board of directors of Methanol Chemicals Company (Chemanol) has approved appointing Sabri Abdullah Al Ghamdi as the new CEO. Al Ghamdi will keep his responsibilities as a board member and a managing director, according to a …

Board of Directors

13 November 2023 03:34 PM Chemanol shifts to over SAR 83.5m losses in 9M-23

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) turned to net losses after Zakat and tax valued at SAR 83.62 million in the first nine months (9M) of 2023, against profits of SAR 222.38 million in 9M-22. Revenues stood at SAR 555.85 …

Financial Results

31 July 2023 04:02 PM Chemanol turns to losses in H1-23 estimated financials

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) swung to net losses after Zakat and tax worth SAR 59.03 million in the first half (H1) of 2023, versus net profits of SAR 194.83 million in H1-22. Chemanol posted 40.60% year-on-year (YoY) …

Financial Results

21 May 2023 03:25 PM Chemanol swings to SAR 49m losses in Q1-23

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) shifted to net losses after Zakat and tax valued at SAR 48.84 million in the first quarter (Q1) of 2023. The incurred losses were against net profits amounting to SAR 102.67 million in …

Financial Results

1 March 2023 00:32 PM Chemanol’s profits fall 15.5% in 2022 financials

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) recorded net profits after Zakat and tax worth SAR 206.43 million in 2022, an annual decline of 15.40% from SAR 244 million. The Saudi firm posted revenues worth SAR 1.07 billion in 2022, …

Financial Results

20 October 2022 05:11 PM Chemanol’s profits surpass SAR 222m in 9M-22 initial results

Riyadh – Mubasher: The net profits after Zakat and tax of Methanol Chemicals Company (Chemanol) reached SAR 222.38 million in the first nine months (9M) of 2022, up 35.47% from SAR 164.15 million in 9M-21. Revenues surged by 29.53% year-on-year …

Financial Results

17 October 2022 09:50 PM Chemanol pens SAR 500m deal with Saudi GDI

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) signed an agreement worth nearly SAR 500 million with Global Company for Downstream Industries (GDI) on 16 October 2022. The two firms will team up to produce speciality chemicals, including …

Companies Investments

1 September 2022 05:14 PM Chemanol announces resignation of CEO

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has announced the resignation of Ali Mohamed Al Asiri from his position as the CEO of the firm. Al Asiri submitted his resignation on 25 August 2022 due to personal reasons, while it became …

Corporate Actions

18 July 2022 04:04 PM Chemanol’s profits leap 116% in H1-22 interim results

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has generated SAR 194.83 million in net profit after Zakat and tax during the first half (H1) of 2022, an annual jump of 116.38% from SAR 90.04 million. The company’s revenues amounted to …

Financial Results

13 July 2022 11:03 AM Chemanol inks SAR 695m Murabaha financing agreements

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has inked two Sharia-compliant Murabaha financing agreements worth SAR 695 million with Banque Saudi Fransi and Alinma Bank. The first agreement valued at SAR 455 million aims to settle all …

Banking and Finance

18 May 2022 11:18 AM Chemanol’s net profits hike 244% in Q1-22

Riyadh – Mubasher: The net profits after Zakat and tax of Methanol Chemicals Company (Chemanol) surged by 243.60% to SAR 102.67 million in the first quarter (Q1) of 2022 from SAR 29.88 million in the year-ago period, according to the company's …

Financial Results

17 April 2022 03:37 PM Chemanol’s profits see 243.5% leap in Q1-22 initial results

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has posted a 243.60% year-on-year (YoY) hike in net profits after Zakat and tax to SAR 102.67 million during the first quarter (Q1) of 2022, compared to SAR 29.88 million. The company’s …

Financial Results

10 February 2022 04:57 PM Chemanol’s board withdraws capital raise request to CMA

Riyadh – Mubasher: The board of Methanol Chemicals Company (Chemanol) has decided to withdraw the capital increase file it had submitted to the Capital Market Authority (CMA) on 4 October 2021. The decision, which came during the board meeting on …

Management Decisions

30 January 2022 11:06 AM Chemanol turns to profitability in 2021 estimated financials

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) turned to net profits after Zakat and tax of SAR 243.98 million in 2021, against net losses of SAR 276.09 million a year earlier. Earnings per share amounted to SAR 3.62 in 2021, versus a …

Financial Results

15 November 2021 03:58 PM Chemanol appoints Chairman, Vice Chairman

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has appointed Ali Abdul Aziz Al Turki as the Chairman of the board for a three-year term. Chemanol also announced the appointment of Melfi Manahi Almarzoqi as the Vice Chairman of the …

Corporate Actions

10 October 2021 00:41 PM Chemanol turns profitable in nine months

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) turned to net profits of SAR 164.15 million in the first nine months of 2021, against net losses of SAR 262.34 million in the year-ago period.  Chemanol generated SAR 672.65 million in sales …

Financial Results

10 August 2021 02:06 PM Chemanol’s board proposes SAR 550.5m capital raise

Riyadh – Mubasher: The board of Methanol Chemicals Company (Chemanol) has recommended on 9 August to increase the capital by SAR 550.49 million through a rights issue. Chemanol aims to finance and implement its business plans and future projects, …

Corporate Actions

25 July 2021 11:04 AM Chemanol turns profitable at SAR 90m in H1-21

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) achieved a net profit after Zakat and tax worth SAR 90.04 million during the first half (H1) of 2021, against losses of SAR 59.88 million in H1-20. Earnings per share stood at SAR 0.75 in …

Financial Results

8 July 2021 09:36 AM Chemanol announces decrease of accumulated losses

Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) announced that its accumulated losses have decreased to represent 0% of the capital as on 28 June 2021. Chemanol succeeded to shrink its accumulated losses after reducing the capital by SAR …

Management Decisions

29 June 2021 11:08 AM Chemanol’s EGM approves capital cut, rejects raise; fluctuation limit announced

Riyadh – Mubasher: The shareholders of Methanol Chemicals Company (Chemanol) approved, during the extraordinary general meeting (EGM), a 44% capital reduction by cancelling 53.14 million shares. Chemanol will cancel one share for every 2.269 owned …

General Assembly