Addendum Announcement from Basic Chemical Industries Co. in regards to signing a non-binding letter of intent to acquire a stake in Union Chlorine.

ELEMENT LISTEXPLANATION
IntroductionAddendum Announcement from Basic Chemical Industries Co. in regards to Co. announces of signing a Memorandum of Understanding with Oman Chlorine
Date of Posting the Previous Announcement of Development on Tadawul's Website2021-07-14 Corresponding to 1442-12-04
URL of the Previous AnnouncementClick Here
Change on the DevelopmentFurther to the announcement of Basic Chemical Industries Company published on July 14, 2021 AD corresponding to Dhu al-Hijjah 4, 1442 AH, regarding signing a non-binding letter of intent with the companies owning Union Chlorine Company to acquire 49% of the ownership of that company, Basic Chemical Industries Company announces the expiry of the letter of intent period without reaching an agreement to complete the deal with the concerned parties and without any obligation on any of them.
Financial Impact on the changeNA

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.

1