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.

Posted Posted in News

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 )

Posted Posted in News

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 )

Posted Posted in News

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 […]

National Petrochemical Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Posted Posted in News

ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version City and Location of the General Assembly’s Meeting Riyadh head office URL for the Meeting Location 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 […]

National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

Posted Posted in News

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 1,515 2,020 -25 1,806 -16.112 Gross Profit (Loss) 250 526 -52.471 403 -37.965 Operational Profit (Loss) 125 376 -66.755 248 -49.596 Net Profit (Loss) after Zakat and Tax 50 187 -73.262 133 -62.406 Total Comprehensive Income 50 187 -73.262 106 […]

National Petrochemical Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Posted Posted in News

ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version City and Location of the General Assembly’s Meeting Riyadh head office URL for the Meeting Location 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 […]

National Petrochemical Company (Petrochem) announces that its subsidiary, the Saudi Polymer Company has signed financial agreement to refinance its existing Loan.

Posted Posted in News

ELEMENT LIST EXPLANATION Introduction National Petrochemical Company announces its subsidiary (Saudi Polymer Company) has signed financial agreement to refinance its existing Project financing loan with Samba Financial Group and Riyad Bank Date of Receiving the Credit Facility 2020-03-08 Corresponding to 1441-07-13 Financier Samba Financial Group and Riyad Bank Credit Facility value SR 3 Billion Credit […]

National Petrochemical Co. announces the distribution of cash dividend for Distribution of dividends to the shareholders for the year 2019

Posted Posted in News

ELEMENT LIST EXPLANATION Introduction The Board of Directors of the National Petrochemical Company (Petrochem), on 5-03-2020, has announced its recommendation to the Company General Assembly the distribution of dividends to the shareholders for the 2019 financial year. Board Resolution Date 2020-03-05 Corresponding to 1441-07-10 Total Amount of Dividend Distributed SR 240 millions Number of Shares […]

National Petrochemical Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

Posted Posted in News

ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE Sales/Revenue 7,435 8,930 -16.741 Gross Profit (Loss) 1,876 2,685 -30.13 Operational Profit (Loss) 1,279 2,009 -36.336 Net Profit (Loss) after Zakat and Tax 674 1,165 -42.145 Total Comprehensive Income 648 1,184 -45.27 Total Share Holders Equity (after Deducting Minority Equity) 8,148 7,740 5.271 Profit (Loss) per Share 1.41 […]