Who we are?
The National Petrochemical Company “Petrochem” is a Saudi Joint Stock Company listed on the Saudi stock exchange. The company was established in 2008 with a current paid-in-capital of SR 4.8 billion. Petrochem main business is investing in the petrochemical industry; by utilizing its strategic partnerships and the Kingdom’s natural resources. Petrochem owns 65% of the Saudi Polymer Company, Located in Jubail Industrial City, where the construction of this project cost more than 20 billion Saudi Riyals and produces more than 1.7 million tons per year of polymers.
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 )
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.
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 […]