Albattal Chemical Calls Extraordinary Meeting Amid Capital Losses

ALBATTAL FACTORY

ALBATTAL FACTORY

9623.SA

0.00

On May 21, 2026, Albattal Factory for Chemical Industries Co. announced an Extraordinary General Assembly Meeting scheduled for June 22, 2026, at 19:00, to be held both in-person at the company's Dammam headquarters and via modern technology. The meeting agenda includes voting on the 2025 auditor's report and financial statements, appointing auditors for 2026, authorizing interim dividend distributions, and approving related-party transactions with Al Battal Holding Company worth 6,647,587 riyals and Al Battal Investment Company worth 8,265,573 riyals during 2025. A critical agenda item involves voting on the Board's recommendation for the company's continued operation after losses exceeded half of its capital, as required 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=95644&anCat=1&cs=9623&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/24632_6806_2026-05-21_15-03-26_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/24632_6806_2026-05-21_14-58-33_en.pdf

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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