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Basic Chemical Industries Co. announces signing a Memorandum of Understanding with Italmatch Middle East LTD
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BCI
0.99
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1444/11/03 23/05/2023 08:02:20
| Element List | Explanation |
|---|---|
| Introduction | Basic Chemical Industries Co. announces the signing of a memorandum of understanding with Italmatch company, to supply chlorine, caustic soda and hydrochloric acid to Italmatch factories in the Plaschem complex in Jubail Industrial City. |
| Memorandum Signing Date | 2023-05-22 Corresponding to 1444-11-02 |
| Counterparty | Italmatch Middle East LTD |
| Memorandum Subject | The signing of the memorandum of understanding aims to establish frameworks between the two parties to discuss a supply contract for chlorine, caustic soda and hydrochloric acid. |
| Memorandum Duration | Two years |
| Related Parties | N/A |
| Financial Impact | The financial impact cannot be determined at this stage and any material developments will be announced in due course. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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