The National Petrochemical Company Announces Recent Developments Relating to the Contemplated Acquisition Transaction with the Saudi Industrial Investment Group

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Element List Explanation Introduction Further to the announcement made by the National Petrochemical Company (“Petrochem”) on 21/03/1443H (corresponding to 27/10/2021G) in respect of its entry into a binding implementation agreement with the Saudi Industrial Investment Group (“SIIG”) pursuant to which Petrochem and SIIG have agreed to take the necessary steps to implement the transaction acquisition […]

National Petrochemical Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

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Element List Current Year Previous Year %Change Sales/Revenue – – – Gross Profit (Loss) – – – Operational Profit (Loss) 1,337 244 447.95 Net Profit (Loss) after Zakat and Tax 1,367 230 494.347 Total Comprehensive Income 1,374 208 560.576 Total Share Holders Equity (after Deducting Minority Equity) 9,130 8,116 12.493 Profit (Loss) per Share 2.85 […]

National Petrochemical Company (Petrochem) announces the Opening of Nominations for Membership of the Board of Directors

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Element List Explanation Introduction National Petrochemical Company (Petrochem) announces to the Shareholders the Opening of Nominations for Membership of the Board of Directors for the upcoming three years term starting from 11 April 2022. The nomination for the Board of Directors membership will be in accordance with the provisions of the Companies Law, the Corporate […]

National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2020-12-31 ( Twelve Months )

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ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 1,644 1,870 -12.085 1,436 14.484 Gross Profit (Loss) 501 410 22.195 315 59.047 Operational Profit (Loss) 372 254 46.456 192 93.75 Net Profit (Loss) after Zakat and Tax 251 133 88.721 117 114.529 Total Comprehensive Income 230 106 116.981 117 […]

National Petrochemical Co. Announces Resignation and Appointment of a CEO

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ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version ELEMENT LIST EXPLANATION Name of the Resigning CEO No English translation, kindly refer to the Arabic version Resignation Acceptance Date 2020-12-24 Corresponding to 1442-05-09 Resignation Effective Date 2020-12-31 Corresponding to 1442-05-16 Reasons for Resignation No English translation, kindly refer to the Arabic […]

National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )

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ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 1,436 1,958 -26.659 1,346 6.686 Gross Profit (Loss) 315 495 -36.363 -121 – Operational Profit (Loss) 192 335 -42.686 -243 – Net Profit (Loss) after Zakat and Tax 117 171 -31.578 -189 – Total Comprehensive Income 117 171 -31.578 -189 […]

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 […]

National Petrochemical Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

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ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version City and Location of the General Assembly’s Meeting No English translation, kindly refer to the Arabic version Date of the General Assembly’s Meeting 2020-04-16 Corresponding to 1441-08-23 Time of the General Assembly’s Meeting 18:30 Percentage of Attending Shareholders No English translation, kindly […]