| 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 |
Basic Chemical Industries Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Basic Chemical Industries Co. shareholders approved all agenda items during the Ordinary General Assembly meeting held on May 20, 2026, with 51.25% of shares represented.
- Key approvals for the 2025 fiscal year included the financial statements, the discharge of board members from liability, and board remuneration totaling SAR 2,294,000.
- Shareholders authorized the Board of Directors to distribute interim dividends (semi-annually or quarterly) for the 2026 fiscal year.
- PKF was appointed as the external auditor to audit financial statements for the remainder of 2026 and the first quarter of 2027 for a total fee of SAR 725,000.
