National Petrochemical Company (Petrochem) announces that its Board of Directors has decided to start the discussions with Saudi Industrial Investment Group (SIIG) on a potential deal to merge the two companies.

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ELEMENT LIST EXPLANATION Announcement Detail Petrochem announces that its Board of Directors approved on 17-09-2020 the start of initial discussions with the Saudi Industrial Investment Group (SIIG) (a related party) to study the economic feasibility of merging the two companies, noting that no agreement has yet been reached on the final structure of the potential […]

National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

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ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 1,346 1,651 -18.473 1,515 -11.155 Gross Profit (Loss) -121 452 – 250 – Operational Profit (Loss) -243 321 – 125 – Net Profit (Loss) after Zakat and Tax -189 183 – 50 – Total Comprehensive Income -189 183 – 50 […]