Al Battal shareholders approve 2026 interim dividends mandate

Shareholders of Al Battal Factory made the decision during an EGM on June 22

Shareholders of Al Battal Factory for Chemical Industries Co. authorized the board of directors to distribute interim dividends to shareholders on a semiannual or quarterly basis for 2026.

The decision was made during an extraordinary general meeting on June 22, according to a statement to Tadawul.

Shareholders also approved the board's recommendation to continue the company's operations after accumulated losses exceeded 50% of its capital, in accordance with Article 132 of the Saudi Companies Law.

In April, Al Battal reported accumulated losses of SAR 22.06 million, equivalent to 66.15% of its capital of SAR 33.35 million, according to 2025 financials, Argaam previously reported.

The company also outlined the board’s recommendations regarding the accumulated losses, which included continuing its operations and business activities despite the losses exceeding 50% of its capital under Article 132 of the Companies Law, citing improved operating performance in 2026.