ELEMENT LIST EXPLANATION
Introduction Basic Chemical Industries
Company announces the decision of
the Company's Board of Directors in its meeting held on
Monday, March 22, 2021 AD,
corresponding to Shaban 9, 1442
AH, to recommend to the General
Assembly not to distribute cash dividends
for the fiscal year ended 31 December 2020 AD. The
reason for the recommendation is
the continuing completion of the
company’s construction and
financing of its Chlorine project in Jubail industrial area.
Date of the board’s decision 2021-03-22 Corresponding to 1442-08-09
Reasons for Not Recommending Distribution The reason for the recommendation
is the continuing completion of the
company’s construction and
financing of its project in Jubail.
Approvals Recommendation is to be presented
at the next meeting of the general
assembly of shareholders to take
approval of the decision, the date of
which will be announced later after the approval of Capital Market Authority.
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.