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Addendum Announcement from Basic Chemical Industries Co. regarding the sale of land owned by the company in Jeddah.
| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of Basic Chemical Industries Company (BCI) published on the Saudi Exchange website on 14 May 2026 regarding the sale of land owned by the Company in Jeddah for a total value of SAR 12.8 million, the Company would like to announce the addition of certain information related to the transaction. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2026-05-14 Corresponding to 1447-11-27 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | The Company would like to add certain information related to the transaction, as follows: Transaction Terms: The full transaction value of SAR 12.8 million has been received, and the regulatory procedures for transferring ownership have been completed in accordance with the applicable regulations. Transaction Parties: Basic Chemical Industries Company and Mr. Omar bin Abdulkarim bin Qasim Al Khamis. Transaction Signing Date: 11 May 2026. Book Value of the Asset: SAR 820,140 |
| Financial Impact on the change | The transaction is expected to have a positive impact on the Company’s liquidity and cash flows, and the financial impact will be reflected in the Company’s financial results during the relevant financial period. |
| Additional Information | The Company confirms that there are no related parties involved in this transaction. |
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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Last Price 23.31
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