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Basic Chemical Industries Co. Announces an update on Signing a Memorandum of Understanding with Italmatch Middle East LTD
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BCI
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1446/11/06 04/05/2025 16:09:37
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Basic Chemical Industries Company dated May 23, 2023, regarding the signing of a Memorandum of Understanding with Italmatch Middle East for the supply of chlorine, caustic soda, and hydrochloric acid to Italmatch’s facilities in the PlasChem Park in Jubail Industrial City, the company would like to clarify that the duration of the Memorandum of Understanding has been extended. |
| Previous Announcement | Signing a Memorandum of Understanding with Italmatch Middle East LTD |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-05-23 Corresponding to 1444-11-03 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | BCI and Italmatch intend to extend the MOU till Dec. 31, 2025 |
| Reasons For The Delay on The Date of The Event Previously Announced | Italmatch projects timeline extended due to increased scope and additional technical work necessary to modify some product process to comply with local market needs, and subsequently adhering to regulatory requirements to obtain the required approvals. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NA |
| Delay consequences on the Company’s financial results | NA |
| Additional Information | NA |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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