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Basic Chemical Industries Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Basic Chemical Industries Co. is pleased to announce to its valued shareholders the results of the ordinary General Assembly meeting (the first meeting), which was held at (19:30) in the evening of Wednesday, May. 20th, 2026, through Modern technology means /Tadawulaty Services website, after completing the legal quorum for the validity of the ordinary General Assembly meeting. |
| City and Location of the General Assembly's Meeting | Company's headquarters in Dammam - means of modern technology. |
| Date of the General Assembly's Meeting | 2026-05-20 Corresponding to 1447-12-03 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 51.25% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Attended by. 1-Mr. Abdulla Muhanna Al-Moaibed 2- Mr. Abdulaziz Abdulla Alnaim 3- Mr. Muhanna Abdul Aziz Al Moaibed (Chairman of the NRC) 4-Mr. Othman Riyad Al-Humaidan 5- Mr. Nasser Abdullah Al Moaibed 6- Jassim Shaheen Hamad Al-Rumaihi - Chairman of the Audit Committee. Not attended by. 1- Mr. Tariq Ali Al-Tamimi 2-Mr. Abdul Aziz Talal Altamimi 3- Mr. Abdullah Albuainain |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1-Jassim Shaheen Hamad Al-Rumaihi (Chairman of the Audit Committee) 2- Mouhana Abdulaziz Almoaibd (Chairman of the NRC) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Reviewal of the Board of Directors' report for the fiscal year ended December 31, 2025, after discussion.
2. Approval of the Auditor’s Report for the fiscal year ended December 31, 2025, after discussion.
3. Reviewal of the financial statements for the fiscal year ended December 31, 2025, after discussion.
4. Approval of the discharge of the members of the Board of Directors from liability for the fiscal year ended December 31, 2025. 5. Approval of the payment of remuneration to the Board of Directors in the amount of SAR 2,294,000 for the fiscal year ended December 31, 2025. 6- Approval to authorize the Board of Directors to distribute interim dividends (semi-annually or quarterly) for the fiscal year 2026. 7- Approval of the appointment of Messrs. PKF as the company’s external auditors, from among the nominated candidates and based on the recommendation of the Audit Committee, to review and audit the financial statements for the second, third, and annual periods of the fiscal year 2026, and the first quarter of the fiscal year 2027, for a total fee of SAR 725,000. |
| Additional Information | N/A |
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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