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11-Oct-2018

Yansab to conduct a 66 day scheduled shutdown at its MEG unit; to impact 4Q18 and 1Q19 results

Yansab has announced a scheduled shutdown at its MEG unit to: i) complete the required maintenance activity; and ii) implement the expansion project that was announced in 2017. Based on the company release, the shutdown will start on 22 October, and will last for 66 days. The company stated that the expected financial impact should come in the range of SAR180mn, which will be reflected in 4Q18 and 1Q19 financial results.
 
YANSAB: SAR66.60 as of 10 Oct. 2018, Rating: Buy, TP: SAR80.00/share, MCap: USD9,990mn, YANSAB AB/2290.SE