Tasnee’s ethylene unit in maintenance mode till late Sept

31/08/2014 Argaam

Saudi Ethylene and Polyethylene Company, partly owned by Tasnee, will put its ethylene and propylene unit in scheduled maintenance mode from September 1 for 24 days.

 

The financial impact will be a deduction of around seven million riyals from profit, Tasnee said in filing to Tadawul.

 

Tasnee owns 45.3 percent indirect stake in the company.

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