SABIC Agri-Nutrients Company announces the Board of Directors' resolution to approve the merger of the National Chemical Fertilizer Company (Ibn Al-Baytar), wholly owned by SABIC Agri-Nutrients ,with SABIC Agri-Nutrients Company, and dissolution of Ibn Al-Baytar Company upon completion of the merger
3/01/2026
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| Announcement Detail |
SABIC Agri-Nutrients Company announces the Board of Directors’ resolution -issued on 26 February 2026- to approve the merger of the National Chemical Fertilizer Company (Ibn Al-Baytar) , wholly owned by SABIC Agri-Nutrients, with SABIC Agri-Nutrients Company and dissolution of Ibn Al-Baytar Company after the completion of the merger process and the call for an Extraordinary General Assembly meeting of SABIC Agri-Nutrients Company to approve the merger and fulfillment of the relevant regulatory requirements. This merger aims to strengthen SABIC Agri-Nutrients' structure and achieve greater efficiency by accelerating company activities and reducing certain costs. There is no material financial impact resulting from this merger. Any material developments will be announced. |