Basic Chemical Industries Co. — Capital/Financing Update 2025

Oct 26, 2025

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

1210 · 26/10/2025 15:39:55 · Announcement #90938 · View on Saudi Exchange

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

Element List	Explanation
Introduction	With reference to the announcement by Basic Chemical Industries Co. (BCI) regarding the signing of a Memorandum of Understanding (MoU) with AECI Limited of South Africa, aimed at establishing a joint venture to localize the manufacturing and development of a range of specialty chemical products, the company would like to clarify the latest developments related to this event.
Previous Announcement	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	2025-05-08 Corresponding to 1446-11-10
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Discussions are currently underway between the two parties to finalize the agreements and contracts, including defining the mechanism for implementing the joint project and establishing the operational work plan, in preparation for reaching a final agreement that will enable the commencement of operations and the launch of commercial products in the near future.

With reference to the Memorandum of Understanding signed between the two parties, which stipulates its automatic renewal for successive periods of three months, for a total duration not exceeding two years from the date of signing, the MoU remains in effect during the ongoing final contractual negotiations, in preparation for reaching a definitive agreement that serves the best interests of both parties and the local market alike. Reasons For The Delay on The Date of The Event Previously Announced The Company’s management affirms that the project is progressing in line with the established plan and in a positive direction, reflecting the seriousness and commitment of both parties to achieving the stated objectives. This progress enhances the prospects for the project’s success and long-term sustainability, God willing.

The Company’s management is also pleased to inform its valued shareholders that it has completed the identification and selection of the chemical products targeted for localization, which include water treatment and mining chemicals, as well as a number of specialized chemical additives of importance to the local market.

An official announcement will be made once a final agreement is reached and the definitive contract is signed between the two parties. The costs associated with the event, and if they have changed or not with indication of the reasons. The financial impact will be disclosed once final agreements are reached or as further significant developments occur. Delay consequences on the Company’s financial results 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.