Logo ofAl Battal Factory for Chemical Industries Co.
Al Battal Factory for Chemical Industries Co. received a letter from chairman Bassam Al-Dossari stating that an enforcement order was wrongly activated by a bank despite full settlement of the related amount, leading to a forced sale of part of his shares. 
The company noted that the enforcement action was later suspended by the competent authority after confirming the repayment, with the related regulatory procedures currently being completed.
It added that the sale was compulsory and not a voluntary transaction, and confirmed that there is no material financial impact on the company, nor any change in shareholders’ outlook toward the company or its strategy.
The company will announce any further developments as they arise.
Al Battal Factory had earlier received two undertakings in December 2025 from two major shareholders, Bassam Al-Dosari, who owns 266,500 shares, or 7.99%, and Al Battal Investment Co., which holds 1.47 million shares, or 44.02%, both committing not to dispose of their shares for one year, according to Argaam’s data.
Logo ofAl Battal Factory for Chemical Industries Co.
Al Battal Factory for Chemical Industries Co. received a letter from chairman Bassam Al-Dossari stating that an enforcement order was wrongly activated by a bank despite full settlement of the related amount, leading to a forced sale of part of his shares.
The company noted that the enforcement action was later suspended by the competent authority after confirming the repayment, with the related regulatory procedures currently being completed.
It added that the sale was compulsory and not a voluntary transaction, and confirmed that there is no material financial impact on the company, nor any change in shareholders’ outlook toward the company or its strategy.
The company will announce any further developments as they arise.
Al Battal Factory had earlier received two undertakings in December 2025 from two major shareholders, Bassam Al-Dosari, who owns 266,500 shares, or 7.99%, and Al Battal Investment Co., which holds 1.47 million shares, or 44.02%, both committing not to dispose of their shares for one year, according to Argaam’s data.
