Yansab has announced two scheduled maintenance shutdowns, which will take place in the coming two months. The shutdowns will commence in the: i) Ethylene glycol (EG) plant for 21 days starting 21 April 2017 to conduct regular technical maintenance; and ii) Olefins plant for 10 days starting 1 May 2017 to improve the plant’s operational efficiency. The company noted that the financial impact is expected to be SAR110mn (based on the expected average product prices), which will be reflected in 2Q17 and 3Q17 financial results. 

YANSAB: SAR55.73 as of 28 Mar. 2017, Rating: Buy, TP: SAR65.00/share, MCap: USD8,360mn, YANSAB AB/2290.SE