Basic Chemical Industries Co. announces obtaining an agreement to increase and amend the credit facilities granted to the Company by the National Chemical Industries Company (BSC)

Basic Chemical Industries (BCI) announces the signing of an agreement to increase and amend the credit facilities granted to the Company in accordance with the Islamic Shari'a law of Arab National Bank as follows:

1-The financing agreement was signed on Sunday, May 27, 2018.

2-The value of the limit of the facilities granted 262 million riyals.

3-The company aims to finance the chlorine production project in Jubail Industrial City.

4-The duration of this funding is seven years and four months.

5-The financing was taken by guaranteeing a bond with the value of the financing in favor of Arab National Bank.


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.

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