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NEWS

Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months ) Nov 4/19

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 141.39 143.26 -1.305 130.12 8.661
Gross Profit (Loss) 38.86 37.53 3.543 34.12 13.892
Operational Profit (Loss) 22.32 17.52 27.397 17.48 27.688
Net Profit (Loss) after Zakat and Tax 15.29 9.29 64.585 9.69 57.791
Total Comprehensive Income 15.29 9.29 64.585 9.69 57.791
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 402.49 448.41 -10.24
Gross Profit (Loss) 102.35 120.28 -14.906
Operational Profit (Loss) 51.85 67.38 -23.048
Net Profit (Loss) after Zakat and Tax 31.09 38.3 -18.825
Total Comprehensive Income 31.09 38.3 -18.825
Total Share Holders Equity (after Deducting Minority Equity) 538.33 499.49 7.775
Profit (Loss) per Share 1.13 1.39
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to The reason for the increase in gross profit is due to the decrease in cost of sales and The reason for the increase in operating profit and in net profit is due to decrease in general and administrative expenses.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The reason for the increase in gross profit is due to the increase in sales and The reason for the increase in operating profit and in net profit is due to the decrease in selling and distribution expenses.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The reason for the decrease in gross profit, operating profit and in net profit is due to the decrease in sales, in finance income and in other operating income.
Basis of the External Auditor’s Opinion Unmodified opinion
Reclassification of Comparison Items comparative figures have been reclassified forpresentation purposes for current period.
Additional Information 1- Sales for the current quarter reached 141.39 million compared to 143.26 million for the comparative quarter last year, a decrease of 1.31%.2- Sales for the current period reached 402.49 million compared to 448.41 million for the comparative period last year, a decrease of 10.24%.

3- Total comprehensive income (excluding minority interests) for the current quarter reached 15.29 million compared to 9.29 million for the comparative quarter of the prior year, an increase of 57.79% (excluding minority interests).

4- Total comprehensive income (excluding minority interests) for the current period reached 31.19 million compared to 38.30 million for the comparative period of the prior year, a decrease of 18.83% (excluding minority interests).

5- Shareholders’ equity (excluding minority interests) for the current period reached 538.33 million compared to 507.24 million at the end of the previous year, an increase of 6.13%.

Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2019-06-30 ( Six Months ) Aug 8/19

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 130.12 151.39 -14.049 130.98 -0.656
Gross Profit (Loss) 34.12 39.92 -14.529 29.36 16.212
Operational Profit (Loss) 17.48 22.9 -23.668 12.05 45.062
Net Profit (Loss) after Zakat and Tax 9.69 13 -25.461 6.12 58.333
Total Comprehensive Income 9.69 13 -25.461 6.12 58.333
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 261.1 305.15 -14.435
Gross Profit (Loss) 63.48 82.75 -23.287
Operational Profit (Loss) 29.53 49.86 -40.774
Net Profit (Loss) after Zakat and Tax 15.8 29 -45.517
Total Comprehensive Income 15.8 29 -45.517
Total Share Holders Equity (after Deducting Minority Equity) 523.04 490.2 6.699
Profit (Loss) per Share 0.57 1.05
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to No English translation, kindly refer to the Arabic version
Basis of the External Auditor’s Opinion Unmodified opinion
Additional Information No English translation, kindly refer to the Arabic version

Basic Chemical Industries Co. announces its Annual financial results for the period ending on 2018-12-31 Mar 26/19

ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE
Sales/Revenue 605.19 595.54 1.62
Total Profit (Loss) 154.79 150.79 2.652
Profit (Loss) Operational 82.15 86.55 -5.083
Net Profit (Loss) after Zakat and Tax 49.67 43.77 13.479
Total Comprehensive Income 46.05 41.78 10.22
Total Share Holders Equity (after deducting minority equity) 507.24 488.69 3.795
Profit (Loss) per Share 1.81 1.59
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
Reason for increase (decrease) in net profit for current year compared to last year The reason for the increase in net profit during the current year comparing to prior year and also the profit attributable to the shareholders’ of BCI company is due to the increase of sales revenue for some companies in the group as well as the decrease in Zakat and income tax for the year
Type of the external auditor’s opinion Unmodified opinion
Reclassifications in annual financial results Comparative figures have been reclassified to conform to current year figures.
Additional Information 1- Sales for the current year reached 605.19 million compared to 595.54 million for the prior year, with an increase of 1.62%.2- The profit attributable to the shareholders’ of BCI Company for the current year reached 49.67 million compared to 43.77 million for the prior year, with an increase of 13.48% (excluding minority interests).

3- Total comprehensive income (excluding minority interests) for the current year reached 49.05 million compared to 41.78 million for the prior year, an increase of 10.22% (excluding minority interests).

4- . Shareholders’ equity (excluding minority interests) for the current year reached 507.24 million compared to 488.69 million for the prior year, an increase of 3.80%.

The Capital Market Authority and the Saudi Stock 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.

Announcement of the Basic Chemical Industries Company for the opening of the candidacy for membership of the Board of Directors for the next session which begins on 15/6/2019 and ends on 14/6/2022. Feb 11/19

ITEM CLARIFICATION
an introduction The nomination will be open on 12/2/2019 until 14/3/2019.The members of the Board of Directors shall be elected to the new session at the next General Assembly meeting, the date of which will be announced later after obtaining the necessary approvals from the competent authorities. Those wishing to nominate those who meet the required conditions and qualifications in accordance with the requirements of the Companies Law, To submit applications for candidacy according to the instructions listed below:
Type of board session New Course
The start date of the course 1440-10-12, 2019-06-15
End of session 1443-11-15, 2022-06-14
Number of members 9
Date of opening the candidacy 1440-06-07, corresponding to 2019-02-12
The expiry date of the candidacy door 1440-07-07, corresponding to 2019-03-14
How to receive nomination applications Applications must be submitted to the Secretary of the Board of Directors by e-mail: shareholder@bci.com.saOr handling during the official working hours of the company from 7:30 am to 5:00 pm at the following address:

Industrial Industrial

Unit number 1

Dammam 6964-32234

The attention of the Secretary of the Board of Directors

Or (send) by registered mail to the following mailing address:

Pour. 1053 Dammam 31431

The attention of the Secretary of the Board of Directors

Conditions of candidacy All candidacy applications must comply with the nomination criteria set forth in the work list of the Nominations Committee issued by the General Assembly and supported by the following documents:1. Curriculum vitae, supported by a copy of his qualifications and experience in the field of corporate business management, whether directly through an executive position, or indirectly through board membership, with the current work, as well as the candidate’s means of communication, including mobile number, fixed telephone, fax and e-mail.

2- A photocopy of the national identity and family card for the Saudis or residence for the residents. As for the legal persons wishing to nominate representatives, a copy of the commercial register must be attached with a letter from the Chamber of Commerce stating that the company has no objection to its nomination.

3. Filling in the form (3) CV form of the candidate for membership of the board of directors of a joint stock company listed on the Saudi Stock Exchange / Tadawul which can be obtained from the following CMA:

https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx

4. A candidate who has previously served on the board of directors of a joint stock company (inside or outside the Kingdom) must submit a statement of the number and dates of the meetings of the boards of directors of the participating companies that he attended while serving on the board of directors.

5. The candidate must provide a statement of the companies or institutions that are members of its board of directors or have an existing partnership in its ownership, and clarify whether they are doing similar work to the basic chemical industries company or have contracts or joint interests with the company.

6. The candidate must submit a statement to the joint stock companies and other institutions that are expected to be members of their board of directors or participate in managing them during the board session.

7. If the candidate has already served on the Board of Directors of the Basic Chemical Industries Company, he must attach a statement from the company about the last session in which he took the membership of the Council including the following information:

A- A statement of the number of meetings of the Board of Directors held during each year of the Board’s session, and the number of meetings attended by Asala and the percentage of his attendance compared to the total meetings of the Council.

B- A statement of the specialized committees that participated in its membership, the number of meetings held by each of these committees during each of the years of the session, the number of meetings attended and the percentage of attendance at the total meetings.

(C) A summary of the financial results achieved by the Company during each of the years of the session of the Board for which he served.

8. In the case of the election of a candidate for membership of the Board of Directors, the candidate shall submit the required disclosures in accordance with the conflict of interest regulations for the members of the Board of Directors and senior executives.

Terms and Conditions of Board Membership:

1. A member of the Board of Directors shall be of professional competence, who shall have the necessary experience, knowledge, skill and independence to enable him to carry out his duties efficiently and efficiently and shall take into account, in particular, the following:

a. Leadership ability: To have leadership skills that empower him to lead performance and to apply best practices in effective management and adherence to professional values ​​and ethics.

B. Competence: Qualifications, professional and personal skills, level of training, practical experience relevant to the Company’s current and future activities, management, economics, accounting, law or governance.

T. Capacity to be guided by technical, leadership, managerial and decision-making capabilities, and to understand the technical requirements of the course of work and be able to provide strategic direction, planning and clear future vision.

W. Financial knowledge: To be able to read financial statements and reports.

C. Health fitness: This should not have a health barrier hindering him from exercising his duties and responsibilities.

H. He should not have been convicted of an offense against honor or trust.

E. Shall not be subject to a prohibition to work in joint stock companies by the Capital Market Authority or other bodies regulating the operation of financial markets inside or outside the Kingdom.

Dr. The Nomination and Remuneration Committee shall approve the fulfillment of the above conditions as a qualified candidate.

Y. Should not be nominated for membership of the Board shall be a member of the boards of directors of five companies listed on the market.

2. Upon the election of the members of the Board of Directors, the recommendations of the Nomination and Remuneration Committee shall be taken into account and the availability of the personal and professional elements necessary for the effective performance of the functions of the Administration shall be taken into consideration in accordance with paragraph (1) of this Article.

Basic Chemical Industries Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months ) Oct 28/18

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 143.26 144.18 -0.638 151.39 -5.37
Total Profit (Loss) 37.53 36.08 4.018 39.92 -5.986
Profit (Loss) Operational 17.52 18.81 -6.858 22.9 -23.493
Net Profit (Loss) after Zakat and Tax 9.29 8.26 12.469 13 -28.538
Total Comprehensive Income 9.29 8.26 12.469 13 -28.538
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 448.41 422.07 6.24
Total Profit (Loss) 120.28 108.71 10.642
Profit (Loss) Operational 67.38 55.52 21.361
Net Profit (Loss) after Zakat and Tax 38.3 26.7 43.445
Total Comprehensive Income 38.3 26.7 43.445
Total Share Holders Equity (after deducting minority equity) 499.49 473.62 5.462
Profit (Loss) per Share 1.39 0.97
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The reason for the increase in gross profit is due to the decrease in cost of goods sold.The decrease in operating profit is due to increase in administrative and general expenses represented in increase in allowance for doubtful accounts for some customers.

The increase in net profit after Zakat and income tax is due to the decrease in cost of goods sold and increase in other operating income.

Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The decrease in net profit, gross profit and operating profit for the current quarter is attributable to decrease in sales, increase in general and administrative expenses and increase in selling and distribution expenses.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year The reason for the increase in gross profit, operating profit and net profit for the current period is due to increase in sales and decrease in selling and distribution expenses and increase in other operating income.
Type of the external auditor’s opinion Unmodified opinion
Additional Information 1- Sales for the current quarter reached 143.26 million compared to 144.18 million for the comparative quarter last year, a decrease of 0.64%.2 – Sales for the current period for nine months amounted to 448.41 million compared to 422.07 million for the comparative period of the previous year, an increase of 6.24%.

3. Total comprehensive income (excluding minority interests) for the current quarter reached 9.29 million compared to 8.26 million for the comparative quarter of the previous year, an increase of 12.47%, compared to 13 million for the previous quarter a decrease of 28.54%. The current period is 38.3 million compared to 26.7 million for the comparative period of the previous year and an increase of 43.58% .

4. Shareholders’ equity (excluding minority interests) for the current period reached 499.49 million compared to 473.62 million for the comparative period of the previous year, an increase of 5.46%.