Production of hydrochloric acid, caustic soda, sodium hypochlorite, chlorine gas, calcium chloride, hot and cold adhesives, detergents, concrete processing chemicals, ferric chloride, hydrogen peroxide, aluminum chloride, potassium hydroxide. Production of sulfuric acid, sodium sulfate, potassium sulfate and hydrochloric acid, and marketing of the company”s products of industrial chemical. Production of water-based adhesives and hot-melt adhesives. Production of biocides, ferric chloride, oxygen inhibitors, anticoagulants, multi-purpose chemical cleaners, anti-calc chemicals for desalination plants, sediment derivatives, anti-foaming materials, anticorrosive and sedimentation inhibitors, and metal surface treatment chemicals . Production of polyurethane and polyether blended polyol systems.. Wholesale and retail trade in commercial and industrial chemical materials, maintenance and repair of onshore and offshore stations for petroleum refineries, maintenance and repair of gas production and distillation plants, pumping stations and their purification, import and export.
Company History
The Basic Chemical Industries Company was established in Dammam in the year 1973 AD (corresponding to 1392 AH) as a simple partnership company in the name of Muhanna Al Moaibed and Darwish Al Darwish Company and its commercial name was Basic Chemical Industries Company with commercial register No. 2050002795 issued on 02/28/1392 AH corresponding to 02/02/1973 AD, with a capital of 16,000,000 riyals. The company was transformed into a joint stock company under its current name Basic Chemical Industries Company (BCI) according to Ministerial Resolution No. 746 issued on 03/24/1427 AH corresponding to 04/23/2006 AD. The shareholders of the company voted in their extraordinary general assembly held on 08/29/1428 AH corresponding to 09/11/2007 AD to raise the company capital to 220,000,000 riyals. The company was listed on the Saudi stock market on 06/16/2008 AD, and the shareholders of the company voted in their extraordinary general assembly that was held on 08/27/1430 AH corresponding to 08/18/2009 AD to raise the company”s capital. Through free grants at its current level, which is 275,000,000 Saudi riyals distributed over 27,500,000 shares, the nominal share value per share is 10 Saudi riyals.
Company Bylaws
Equity Profile
- Authorized Capital (^)275,000,000
- Issued Shares27,500,000
- Paid Capital (^)275,000,000
- Par Value/Share10
- Paid Up Value/Share10
Last Update :-
Investment limits
There are no restrictions on the company’s shares as stated in both the rules regulating the investment of qualified foreign financial institutions in listed securities and the instruction regulating foreign strategic invertors’ ownership of strategic shares in listed companies, in accordance with the companies’ bylaws and the instructions issued by the supervisory and regulatory authorities to which the company is subject to.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
- Date Established1973/02/01
- Financial Year End31/12
- Listing Date2008/06/16
- External Auditors[PKF]
- ISIN CODESA122GF0IT17
- Number of Employees345
Investor Relations
Contact Name:
Diaa Abdelaaty Shehata Ahmed
Company Address:
4045 Ibn Sina – First Industrial Unit No:1234 Dammam 32243-8215 Saudi Arabia
Contact Details:
Telephone: 00966138217200
Fax : 00966138472648
Email : [email protected]
