MUSCAT : In a disclosure to the Muscat Stock Exchange (MSX), the company said it had filed a criminal complaint with the Royal Oman Police (ROP) against the employee concerned. The case is currently under investigation by the Public Prosecution.

The company has also appointed an independent forensic audit firm to investigate the incident and determine the extent of any resulting financial losses or damages.

Gulf International Chemicals stressed that the estimated RO 701,000 impact is based on preliminary information gathered so far and remains subject to verification and further review. The figure should not be considered final.

The ongoing forensic investigation is also expected to delay the publication of the company’s unaudited financial statements for the third quarter ended September 30, 2026. The company said it would be unable to meet the prescribed November 15, 2026, reporting deadline.

It added that measures were being taken to complete the necessary accounting assessments and incorporate the forensic audit findings into its financial statements, including any required adjustments in accordance with applicable International Financial Reporting Standards (IFRS).

The company’s Board of Directors said it had taken the necessary steps to safeguard the company’s interests and ensure the continuity of its operations and business activities during the investigation.

The board also expressed appreciation to Mohamed Al Fadhil and Mohammad Nayfeh for their role in identifying and reporting the incident, acknowledging their integrity and commitment to protecting the company’s interests.

Gulf International Chemicals said it would inform the market of any further material developments in accordance with applicable disclosure requirements.

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