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Transforming Saudi Arabia’s future with leading-edge logistics, security, smart solutions, and real estate. A powerhouse driving growth and innovation.

About

Overview of BATIC

The BATIC Group is a public company that was founded in 1984 and is listed on the Saudi stock market. The group invests in various sectors including logistics, security services such as guards and money transportation, smart city solutions services, real estate development, and facilities management.
BATIC has been successful in becoming one of the primary companies that contribute to driving economic growth in Saudi Arabia. Today, BATIC invests in a group of companies, the most notable of which are “Mubarrad,” “Amnco,” “Smart City Solutions,” and “BATIC Real Estate.”

History of BATIC Company

The company was established as a limited liability company under the trade name “Saudi Refrigerated Transport Company”, with a capital of 80 million riyals. It was transformed into a joint stock company with the name “Saudi Land Transport Company”, and the name was amended twice with the approval of the general assemblies. In the end, the current trade name became “BATIC Investment and Logistics Business Company” after the capital was divided to 600 million riyals, with the value of one share changing to only one riyal.

Board Members

Mr/ Turki bin Ibrahim Al Rajhi
Chairman of the Board of Directors
Mr/ Firas bin Khaled Al Bawardi
Vice Chairman of the Board of Directors
Eng/ Mohammed bin Saud Al Zamil
Managing Director
Mr/ Turki bin Ahmed Al-Obailan
Member of the Board of Directors
Mr/ Saud bin Nasser Al-Rayes
Member of the Board of Directors
Mr/ Abdul Mohsen bin Abdullah Al Rajhi
Member of the Board of Directors
Mr/ Mohammed bin Abdullah Al-Rasheed
Member of the Board of Directors
Mr/ Mohammed bin Saleh Al-Mazyad
Secretary-General

Company Capital Structure

The company’s capital structure

BATIC Investment and Logistics Company was initially established as a limited liability company with the trade name “Saudi Refrigerated Transport Company.” The company’s trade name, when transformed into a joint-stock company, became “Saudi Land Transport Company,” noting that it was later amended twice.

  For the first time, the previous trade name “Saudi Land Transport Company – Mubarrad” was amended to become “Saudi Transport and Investment Company – Mubarrad” based on the approval of the Extraordinary General Assembly held on 01/26/1429 AH (corresponding to 02/04/2008 ).

For the second time, the previous trade name of the company was amended “Saudi Transport and Investment Company – Mubarrad” to become the current trade name of the company “BATIC Investment and Logistics Business Company” based on the approval of the General Assembly of Shareholders (extraordinary) held on 06/07/1438 AH (corresponding to 03/03/2017). 04/2017 )]

According to the company’s articles of incorporation dated 03/09/1404 AH (corresponding to 12/14/1983 ) and registered in the Riyadh Notary Office in newspaper (40/47) folder (3) for the year 1404 AH, it was registered with the Ministry of Commerce according to a registration certificate in the commercial registry No. (1010052902). ) issued by the city of Riyadh on 04/13/1404 AH (corresponding to 01/16/1984 ).

The company’s capital upon incorporation amounted to eighty million (80,000,000) Saudi riyals, divided into eight hundred thousand (800,000) cash shares of equal value, and the value of each share was one hundred (100) Saudi riyals, distributed among fifty (50) partners.

On 07/05/1405 AH (corresponding to 03/27/1985 ), some three (3) partners waived their shares to other partners and thus left the company, without any amendment to the capital. Accordingly, the company’s capital has become eighty million (80,000,000) Saudi riyals, divided into eight hundred thousand (800,000) cash shares of equal value, and the value of each share is one hundred (100) Saudi riyals, distributed among forty-seven (47) partners.

On 11/26/1410 AH (corresponding to 06/19/1990 ), the General Assembly of Partners held decided to increase the company’s capital to three hundred million (300,000,000) Saudi riyals and transform it into a joint-stock company, with the partners entering with their in-kind shares, founding members of the joint-stock company with in-kind and cash shares equivalent to (40%) of the capital, accepting new partners representing (20%) of the capital in in-kind or cash shares, and offering (40%) of the shares for public subscription.

The company was transformed into a joint-stock company pursuant to Ministerial Resolution No. (861) dated 10/21/1411 AH (corresponding to 05/05/1991 ), preserving the commercial registration certificate number and date, and with a capital of three hundred million (300,000,000) Saudi riyals divided into six million. (6,000,000) shares with a nominal value of fifty (50) Saudi riyals per share.

On 12/22/1423 AH (corresponding to 02/23/2003 ), the Extraordinary General Assembly decided to reduce the company’s capital from three hundred million (300,000,000) Saudi riyals to one hundred and eighty million (180,000,000) Saudi riyals, divided into three million six hundred thousand (3,600,000). Shares of equal value. The nominal value of each share is fifty (50) Saudi riyals.

On 02/27/1427 AH (corresponding to 03/27/2006 ), the Capital Market Authority issued Resolution No. (4-145-2006) to split the shares of joint-stock companies in four stages, which is based on the Council of Ministers’ decision stipulating that the nominal value of the shares of joint-stock companies be ten (ten). 10) Saudi riyals per share, and accordingly, the company’s shares, amounting to three million six hundred thousand (3,600,000) shares with a nominal value of fifty (50) Saudi riyals per share, were divided into eighteen million (18,000,000) shares of equal value, each of which has a value of ten (10). ) Saudi riyals.

On 02/21/1438 AH (corresponding to 11/21/2016 ), the Extraordinary General Assembly decided to increase the capital from one hundred and eighty million (180,000,000) Saudi riyals to two hundred and forty million (240,000,000) Saudi riyals, divided into twenty-four million (24,000,000) shares. With a nominal value of ten (10) Saudi riyals each, by granting bonus shares (bonus shares) by issuing 33.33% of the current number of shares, equivalent to one free share for every three (3) shares owned.

On 08/13/1439 AH (corresponding to 04/29/2018 ), the Extraordinary General Assembly decided to increase the company’s capital from two hundred and forty million (240,000,000) Saudi riyals to three hundred million (300,000,000) Saudi riyals, divided into thirty million (30,000,000) shares worth A nominal amount of ten (10) Saudi riyals for each, by granting bonus shares (bonus shares) by issuing 25% of the current number of shares, equivalent to one free share for every four (4) shares owned.

On 09/02/1442 AH (corresponding to 04/14/2021 ), the company’s Board of Directors recommended increasing the company’s capital through offering rights shares worth three hundred million (300,000,000) Saudi riyals, after obtaining the necessary regulatory approvals and the approval of the (extraordinary) General Assembly. ). On 05/02/1443 AH (corresponding to 12/06/2021 ), the company’s extraordinary general assembly approved an increase in the company’s capital through the issuance of priority rights shares. The subscription consists of offering thirty million (30,000,000) new ordinary shares at an offering price of ten ( 10) Saudi riyals per share, with a nominal value of ten (10) Saudi riyals, in order to increase the company’s capital from three hundred million (300,000,000) Saudi riyals divided into thirty million (30,000,000) ordinary shares to six hundred million (600,000,000) Saudi riyals divided into sixty million. (60,000,000) ordinary shares, after obtaining all necessary regulatory approvals and the approval of the (extraordinary) General Assembly.

On 03/12/1444 AH (corresponding to 06/21/2023 ), the extraordinary general assembly of the company approved the split of the nominal value of the share from (10) riyals per share to (1) one riyal per share. The number of shares before the amendment: 60,000,000 shares. The number of shares after the amendment: 600,000,000 shares.

Year
The company's capital is in Saudi Riyals
The nominal value of the share is in SR
Number of shares after adjustment
The nature of the increase/reduction in capital
1991
300,000,000
50
6,000,000
The company's capital upon conversion
2003
180,000,000
50
3,600,000
Reducing the company's capital by (120,000,000) Saudi riyals
2006
180,000,000
10
18,000,000
Reducing the nominal value of the company’s shares from (50) Saudi riyals to (10) Saudi riyals per share.
2016
240,000,000
10
24,000,000
Increasing the company's capital by (60,000,000) Saudi riyals
2018
300,000,000
10
30,000,000
Increasing the company's capital by (60,000,000) Saudi riyals
2021
600,000,000
10
60,000,000
Increasing the company's capital by (300,000,000) Saudi riyals
2023
600,000,000
10
600,000,000
Split the nominal value of the stock