Al Battal Chemical Shareholders Approve Continuing Operations Despite Losses

ALBATTAL FACTORY

ALBATTAL FACTORY

9623.SA

0.00

Al Battal Chemical Industries Company announced on June 23, 2026 the results of its Extraordinary General Assembly meeting held on June 22, 2026, with 63.79% shareholder attendance. The assembly approved the appointment of Al-Ayouti & Co. as auditors for 2026 at a fee of SAR 195,000 and authorized the Board to distribute interim dividends on a semi-annual or quarterly basis. Key approvals included related-party transactions with Al Battal Holding Company totaling SAR 6,647,587 and with Al Battal Investment Company totaling SAR 8,265,573 during 2025. The shareholders also approved the Board's recommendation for the company to continue operations despite losses exceeding half of its capital under Article 132 of the Companies Law.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96299&anCat=1&cs=9623&locale=ar

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