Sunday, 08 November 2009 | 12:57 UAE time
COMPANIES
Saudi Arabian Fertilizer Company
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COMPANY DESCRIPTION
Saudi Fertiliser Company, the first petrochemical company in Saudi Arabia, has come a long way since its establishment in 1965.The Dammam-based firm runs a fertiliser manufacturing operation that produces chemicals including ammonia, urea, sulfuric acid and melamine, a product used to make gum and paint.
The fertiliser maker is 42 percent owned by Saudi Basic Industries Corporation (SABIC), one of the world’s leading manufacturers of chemicals, fertilisers and metals and the largest listed Arab company by market value.
SAFCO posted a 27.4 percent drop in net profit for the first quarter amid lower prices for its products. Net profit fell to $140m from $192.8m in the first quarter of 2008, beating analyst estimates.
SAFCO is one of the world’s largest producers of urea and ammonia with an annual production capacity of urea over 2.6 million tonnes per annum (tpa) and 2.3 million tpa of ammonia.
Last year ammonia was trading at around $500 per tonne compared with around $230 a tonne in 2009, while urea was trading at around $400 a tonne compared with $300 a tonne.
The company also produces sulphuric acid and melamine.
KEY INFORMATION
Industry
Refining and Petrochemicals
Address
SAFCO Building, Jubail Industrial City, 11044, Dammam, Saudi Arabia
T
966 3 3411100
F
966 3 3411257
E
-
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 1965 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Saudi Basic Industries Corporation | companies | 42.9 | Saudi Arabia |
| General Organization for Social Insurance - Saudi Arabia | companies | 11.8 | Saudi Arabia |
PORTFOLIO
| Name | Country |
|---|---|
| Arabian Industrial Fibers Company | Saudi Arabia |
| Gulf Ferro Alloys Company | Saudi Arabia |
| National Chemical Fertilizer Company | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Mohammed Hamad Al Mady | Chairman |
| Nasser Bin Ahmad Al Sayari | Board Member |
| Fahed Bin Saad Al Shuaibi | Board Member |
| Abdullah Bin Abdulaziz Al Assaf | Board Member |
| Abdulaziz Saleh Al Anbar | Board Member |
| Ibrahim Mohammed Al Saif | Board Member |
| Mohammed Hammoud Al Ohali | Board Member |
| MANAGEMENT | Position |
| Abdulaziz Bin Nasir Al Majid | President |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Business Analyst, Abu Dhabi, UAE
- Asst to General Manager, Abu Dhabi, UAE
- Office Manager / Secretary, Abu Dhabi, UAE
- Personal Assistant, Qatar, Qatar
- Client Manager, Abu Dhabi, UAE
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