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Sunday, 08 November 2009 | 16:07 UAE time

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Saudi Kayan Petrochemical Company

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As of 8 Nov 2009 08:07 GMT (Market Closed)

COMPANY DESCRIPTION

Manufacturing a wide range of petrochemicals, the Riyadh-based company’s products include ethylene, propylene and derivatives, in addition to downstream products.

Saudi Basic Industries Corporation (SABIC) formed Saudi Kayan Petrochemicals Company in 2007 to produce chemicals for export at the Jubail Industrial City on the Kingdom’s east coast.

Saudi Kayan chairman Mutlaq Al Morished told reporters last month the company would start production at the end of 2010 at its new Al Jubail complex, which would be the world’s biggest ethylene-glycol plant.

It follows the company announcing in January it had secured a $533m loan from the Saudi Industrial Development Fund, enabling it to complete funding for the new petrochemical complex.

SABIC owns 35 percent of the company. A private shareholder, Al Kayan Petrochemical Company, holds a further 20 percent. The remaining 45 percent is held by Saudi shareholders following an initial public offering last year.

KEY INFORMATION

Industry

Refining and Petrochemicals

Address

Jubail Industrial City, 10302, Jubail, Saudi Arabia

T

966 3 3593000

F

966 3 3593111

E

-

W

www.saudikayan.com

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 2007 -

MAJOR SHAREHOLDERS

NameCountry
Saudi Basic Industries Corporationcompanies35Saudi Arabia
Al Kayan Petrochemical Companycompanies20Saudi Arabia

OFFICERS

BOARD OF DIRECTORSPosition
Mutlaq Bin Hamad Al MorayshedChairman
Awad Bin Mohammed Al MakerBoard Member
Mazyad Bin Sirdah Al KhaldiBoard Member
Abdullah S. Al NojaidiBoard Member
Mohammed Bin Abdullah Al GhamdiBoard Member
Hikmat Bin Saaduddine Al ZaimBoard Member
Khaled Suleiman Al ObeidBoard Secretary
Tahaa Bin Abdullah Al GwaizBoard Member
MANAGEMENTPosition
Abdullah Saad Al RabeeahPresident

LATEST FINANCIAL JOBS

  1. Business Analyst, Abu Dhabi, UAE
  2. Asst to General Manager, Abu Dhabi, UAE
  3. Office Manager / Secretary, Abu Dhabi, UAE
  4. Personal Assistant, Qatar, Qatar
  5. Client Manager, Abu Dhabi, UAE

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