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Methanol Chemicals Company (KIMAPCO) discussed its financial performance reports for 2025 and reported losses amounting to 542.2 million Riyals during its Ordinary General Meeting scheduled for August 6, 2026. The meeting also noted that accumulated losses have exceeded half of the company's capital. Additionally, the company addressed the "WIN" transformation plan for restructuring and cost reduction, along with a focus on capital restructuring through the issuance of priority rights worth 350 million Riyals to support liquidity and expansion. The decisions will include appointing a new auditor and reviewing internal controls, amid an 11.85% decline in revenues due to a drop in global prices.
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