| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Al-Battal Chemical Industries Company published on the Tadawul website on 11/01/1447 AH (corresponding to 06/07/2025 AD) regarding a fire at one of the company's facilities located in Dammam, and with reference to the announcement of the latest developments published on 25/01/2026 AD concerning the company's receipt of a letter from the loss adjuster regarding the insurance claim related to the damages resulting from the fire at one of the company's facilities that occurred on 04 July 2025 AD, which resulted in an entitlement to the amount of (21,829,308) Saudi Riyals, and the company's receipt of an advance payment of (6,000,000) Saudi Riyals, the net remaining amount due according to the valuation is (15,829,308) Saudi Riyals. The company would like to announce that on 15/06/2026 it received a letter from the insurance company stating the approval to disburse an advance payment of (8,000,000) Saudi Riyals from the amount of compensation due for the damages resulting from the fire mentioned above, and thus the remaining balance of the amount due according to the assessment becomes (7,829,308) Saudi Riyals, upon completion of the disbursement of the payment and its receipt by the company. |
| Previous Announcement | Al Battal Chemical Industries Company announces the latest developments regarding a minor fire at one of its facilities. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-01-25 Corresponding to 1447-08-06 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | On June 15, 2026, the company received a letter from the insurance company confirming approval for an additional partial payment of SAR 8,000,000 as an advance against the compensation amount related to the damages resulting from the fire that occurred at one of the company's factory facilities on July 4, 2025. The financial impact cannot be determined at this time. The financial impact will be disclosed upon actual receipt of the payment and its reflection in the company's financial statements in accordance with applicable accounting standards. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | The company affirms its full commitment to implementing the highest standards of risk management and safety, and continues its efforts to enhance operational sustainability and safeguard shareholder interests. Any future developments in this regard will be announced in due course. |