Saudi Court Upholds Ruling in Chemanol-Addar Chemicals Lawsuit

01:29 AM EST, 11/09/2026 (MT Newswires) -- The Court of Appeal in Dammam upheld the first-instance judgment in a case by Methanol Chemicals Co. (SASE:2001), d/b/a Chemanol, against the former owners of Addar Chemicals, according to a Monday release. In its preliminary ruling, the court ordered the methanol and derivatives producer to pay 15.4 million Saudi riyals to Addar Chemicals' former owners. Chemanol appealed against the first-instance judgment in March 2026. As such, Chemanol plans to evaluate options following the judgment, which include potentially challenging the ruling.