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Basic Chemical Industries Co. Announces an update on Commencement of work for Jubail project.

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Introduction Basic Chemical Industries (BCI) is pleased to announce to its valued shareholders that all necessary operational licenses have been obtained, thanks to God, for its new factory for chlorine, caustic soda, sodium hypochlorite and hydrochloric acid products in Plaschem complex in Jubail Industrial City, and that commercial production of the plant has been already started.
Previous Announcement Commencement of work for Jubail project.
Date of Previous Announcement on Tadawul's Website 2022-02-20 Corresponding to 1443-07-19
Percentage of fulfilled achievement 100%
Event's Expected Completion Date By the grace of God, the project has been completed and commercial production has begun.
The costs associated with the event, and if they have changed or not with indication of the reasons. There is no change in the previously announced expected costs as the scope has not changed.
Additional Information It is worth noting that in conjunction with the start of the commercial operation of the new factory in Jubail, production has been stopped at the chlorine plant in the industrial complex in Dammam, and it is planned to reach the design capacity of the plant (50 thousand tons of chlorine) within a month from this date.

In addition to that, the company is currently researching and studying the best ways to invest the old factory in a way that guarantees the maximum interest of the shareholders.

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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