| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Al-Battal Chemical Industries Company published on the Tadawul website on December 21, 2025, regarding the undertaking by one of its major shareholders, Mr. Bassam Mohammed Saad Al-Dossari – Chairman of the Board – not to dispose of his shares for one year from the date of the undertaking, the company wishes to clarify that it received a letter from Mr. Bassam Mohammed Saad Al-Dossari – Chairman of the Board – stating that an execution order had been issued against him by a bank as a result of his previous guarantee. He had paid the full amount due within the granted period. However, due to an error by the bank, the execution order was activated despite the full payment, resulting in the forced sale of a portion of his shares in the company. He added in his letter that the execution order was subsequently halted by the competent authority after verifying the payment, and the relevant legal procedures are currently being completed. He emphasized in his letter that this sale was forced and against his will, and was not a voluntary disposition. He also affirmed his full commitment to the previous undertaking not to dispose of his remaining shares until the end of the undertaking period. The company would like to clarify that this action does not reflect any change in the attitudes of major shareholders towards the company or its strategy. |
| Previous Announcement | Al Battal Chemical Industries Company announces receipt of two letters from two major shareholders |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-12-21 Corresponding to 1447-07-01 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company received a letter from Mr. Bassam Mohammed Saad Al-Dossari, Chairman of the Board, stating that an enforcement order had been issued against him by a bank as a result of his previous guarantee. He had paid the full amount due within the allotted timeframe. However, due to an error by the bank, the enforcement order was activated despite the full payment, resulting in the forced sale of a portion of his shares in the company. He added in his letter that the enforcement order was subsequently halted by the competent authority after verifying the payment, and the relevant legal procedures are currently being completed. He emphasized in his letter that this sale was forced and against his will, and was not a voluntary action on his part. He also affirmed his full commitment to his previous undertaking not to dispose of his remaining shares until the end of the undertaking period. The company wishes to clarify that this action does not reflect any change in the major shareholders' stance towards the company or its strategy. |
| 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 | There is no material financial impact on the company as a result of this letter. The company will announce any developments in this regard as soon as they occur. |
