BCI, Italmatch Chemicals agree not to renew MoU

05/01/2026 Argaam
Logo ofBasic Chemical Industries Co. (BCI)

Logo of Basic Chemical Industries Co. (BCI)

Basic Chemical Industries Co. (BCI) decided not to renew the Memorandum of Understanding (MoU) signed, on May 4, 2025, with Italmatch Chemicals after its expiry.

 

The MoU termination does not entail any financial or contractual obligations on BCI, and  no binding agreements or financial investments requiring disclosure have been entered into, the company said in a statement to Tadawul.
 
There is no material financial impact on the company’s financial statements at this stage.

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