premargin

Element List	Explanation
Introduction	Al Battal Chemical Industries Company announces that its accumulated losses amount to (22,062,459) Saudi Riyals, which represents (66.15%) of the company’s capital of (33,350,000) Saudi Riyals, according to the financial statements for the fiscal year ending on December 31, 2025.
Date of Realization of the Loss	2025-12-31 Corresponding to 1447-07-11
Date of Notifying the Board of Directors with the Accumulated Loss	2026-03-31 Corresponding to 1447-10-12
Amount of the Accumulated Losses	22062.459
Percentage of the Accumulated Losses out of the Capital (%)	66.15 %
Major Reasons Leading to the Losses	The primary reasons for the decline in sales are attributed to lower purchases by the company's main customer (Saudi Aramco) compared to projected levels for 2025, which negatively impacted revenues. The financial results were also significantly affected by losses incurred due to a fire incident at one of the plant facilities on July 4, 2025, amounting to SAR 16,632,584. This resulted in a partial shutdown of operations, a decrease in production capacity, and the loss of a portion of inventory. Furthermore, net results were impacted by higher financing expenses and the persistence of certain fixed operating costs despite the reduced activity.
Measures to be Taken by the Company in Regard to Such Losses	The company is implementing a plan to address the losses, which includes rehabilitating and restarting the production lines damaged by the fire, enhancing operational efficiency, and gradually increasing production capacity. The company is also working to rationalize costs and improve expense management, in addition to pursuing insurance claims to secure outstanding compensation, which is expected to bolster the company's financial position. Furthermore, the company aims to boost sales by improving demand management with its key client and diversifying its customer base, thereby supporting revenue stability and improving financial performance in the coming periods.
Last day for board of directors to publish the recommendation for the Accumulated Losses	30/05/2026
Last day for board of directors to publish the EGM invitation to consider the company’s continuation	27/09/2026
Application of the Procedures and Instructions	Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 50% or more out of the Capital Thereof will be Applied
Reference to additional procedures or instructions	The company is subject to the procedures and instructions for listed companies whose accumulated losses have reached (50%) or more of its capital, in accordance with the Companies Law, the regulations of the Capital Market Authority, and the instructions of the Capital Market Authority for companies listed on the Saudi Stock Exchange (Tadawul).
Additional Information	The dates mentioned above are determined in accordance with Article 132 of the amended Companies Law, which stipulates the following: If the losses of a joint-stock company reach half of its issued capital, the board of directors must disclose, within 60 days from the date it becomes aware of these losses, its recommendations regarding those losses, and it must also call for an extraordinary general meeting within 180 days from the date it becomes aware of these losses to consider the continuation of the company by taking the necessary measures to address those losses or to dissolve the company.

Albattal Factory for Chemical Industries Co. Announces its accumulated loses reaching 66.15 % of its capital