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Element List	Explanation
Introduction	With reference to Basic Chemical Industries (BCI)’s announcement dated 26/10/2025 regarding the developments related to the Memorandum of Understanding signed with AECI Limited to explore the establishment of a joint venture in the Kingdom of Saudi Arabia, the Company wishes to inform its valued shareholders that, following joint discussions between both parties, it has been mutually agreed not to proceed with the proposed joint venture and to conclude both the Memorandum of Understanding and the exclusivity undertaking.
Previous Announcement	An Update on Signing of a Memorandum of Understanding with AECI Limited to Establish a Joint Venture in the Kingdom of Saudi Arabia.
Date of Previous Announcement on Saudi Exchange’s Website	2025-10-26 Corresponding to 1447-05-04
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	This mutual decision comes as a result of internal strategic adjustments undertaken by AECI Limited, including the restructuring of its business portfolio and a realignment of its corporate priorities, which led both parties to agree that continuing the joint venture discussions would not be aligned with their respective strategic directions at this stage. The Company confirms that this agreement does not reflect any negative assessment of the investment opportunity or of either party, and that the cooperation during the past period was conducted with full transparency and professionalism.
Reasons For The Delay on The Date of The Event Previously Announced	This is attributed to the internal evaluation period required by AECI Limited to reassess its strategic direction and business portfolio.
The costs associated with the event, and if they have changed or not with indication of the reasons.	The Company confirms that the termination of the Memorandum of Understanding does not entail any financial or contractual obligations on Basic Chemical Industries Co., and that no binding agreements or financial investments requiring disclosure have been entered into.
Delay consequences on the Company’s financial results	There is no material financial impact on the Company’s financial statements at this stage as a result of the termination of the Memorandum of Understanding.
Additional Information	The Company will continue to assess strategic partnership opportunities that support its business expansion and the localization of chemical industries. Any subsequent material developments will be disclosed immediately.

Basic Chemical Industries Co. Announces an update on An Update on Signing of a Memorandum of Understanding with AECI Limited to Establish a Joint Venture in the Kingdom of Saudi Arabia.