Latest news with #BasicChemicalIndustries
Zawya
11 hours ago
- Business
- Zawya
BCI names new Chairman, Vice Chairman
Riyadh: Basic Chemical Industries Company (BCI) appointed Abdullah Mhana Al Muaibid and Tareq Ali Al Tamimi as the board's Chairman and Vice Chairman, respectively. The board members elected the two officials for a new term that commenced on 15 June 2025, according to a bourse disclosure. Al Muaibid and Al Tamimi will remain in position for three years until 14 June 2028. In the first quarter (Q1) of 2025, BCI recorded 72.25% year-on-year (YoY) lower net profits at SAR 2.86 million, compared to SAR 10.31 million.
Zawya
08-05-2025
- Business
- Zawya
Saudi, South African companies plan to produce specialty chemicals in Jubail
Saudi-listed Basic Chemical Industries Company (BCI) has signed a memorandum of understanding (MoU) with Johannesburg-listed BCI to establish a joint venture to manufacture a range of specialty chemicals used in water treatment and mining in Saudi Arabia. The initiative aligns with Saudi Arabia's Vision 2030 and the National Industrial Strategy, the company said in a statement to the Saudi stock exchange on Thursday. The companies aim to localise the production of chemicals, such as coagulants, flocculants, flotation reagents, coatings, and chemical additives. These chemicals are used in oil and mining operations, as well as industrial wastewater treatment. The manufacturing facilities will be located in Jubail Industrial City, adjacent to BCI's existing chlor-alkali plant, allowing for the integration of some of its outputs as input materials for the new venture, the statement said. The financial impact of the new ventures will be announced once final agreements are reached, the statement added. (Editing by Anoop Menon) (
