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.
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 […]
National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )
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 […]
ELEMENT LIST EXPLANATION Announcement Detail No English translation, kindly refer to the Arabic version