Alaa Al-Sheikh, CEO of Fundamental Chemical compounds – BCI
He stated Alaa Al-SheikhCEO of the corporate Fundamental Chemistry – BCIIt’s anticipated that demand will proceed through the coming durations on the identical tempo that the corporate witnessed within the second and third quarters of the present 12 months, whether or not by way of charges, costs or margins.
The Sheikh defined in an interview with: numbersThe corporate is continually balancing the native and worldwide markets to focus on the best profitability whereas sustaining a wholesome and sustainable buyer base on the identical time, indicating that the corporate has succeeded through the previous three years in opening new markets, as primary chemical merchandise have been exported to greater than 21 new nations, together with Iraq.
He acknowledged that the corporate started exporting liquefied chlorine by sea to East Africa this month, the primary operation of this type within the firm’s historical past.
He added that the sturdy efficiency of the fundamental chemical substances unit was the principle driver of the corporate’s revenue development through the third quarter, as gross sales elevated by 32% in comparison with the second quarter, and 14% in comparison with the identical interval final 12 months.
He acknowledged that that is as a result of dynamic pricing coverage adopted by the corporate and its weekly evaluate of product gross sales shops, along with a lower in debt prices by 17% through the first 9 months of 2025 in comparison with the identical interval in 2024.
Relating to the decline in gross sales of some merchandise, Al-Sheikh defined that gross sales of the water therapy chemical substances sector declined in comparison with final 12 months because of the reclassification of some chemical substances and their integration into the fundamental chemical substances unit, as they’re now produced within the Jubail manufacturing unit as an alternative of the Dammam manufacturing unit.
He identified that this step led to a lower in gross sales by 21%, however the unit’s profitability elevated six instances, mentioning that the corporate is continuous to broaden with this unit particularly.
He acknowledged that polyurethane gross sales within the blended firm confronted challenges within the portions offered and worth pressures attributable to its connection to the contracting and development sector on the whole, which led to a lower in gross sales by 9% through the first 9 months of the present 12 months in comparison with the identical interval in 2024.
He identified that the fundamental chemical substances sector is at the moment led by the Jubail and Yanbu factories, that are working at full manufacturing capability, anticipating continued sturdy efficiency through the coming durations.
He added that development on this sector was anticipated, and due to this fact the Board of Administrators accredited the chief administration’s advice to proceed with the primary growth of the Jubail manufacturing unit with an extra capability of as much as 40% of the present manufacturing capability, with this improve being directed primarily to regional markets.
In accordance with information numbersrose earnings The corporate reached 10.9 million riyals (after excluding minority rights) by the top of the primary 9 months of 2025, in comparison with earnings of 4.7 million riyals achieved throughout the identical interval in 2024.
Earnings (earlier than excluding minority rights) amounted to 27.9 million riyals on the finish of the primary 9 months of 2025, in comparison with earnings of 30.1 million riyals throughout the identical interval in 2024.
