Saturday, 22 November 2008 | 21:24 UAE time
COMPANIES
Yanbu National Petrochemicals Company
- 13.30 Last
- -0.80 (-5.67%) Today's Change
- 264,191 Volume
- 14.10-69.50 52 Week Range
- -30.95 (-69.94%) 52 Week Change
COMPANY DESCRIPTION
Yanbu National Petrochemical Company (Yansab) is an affiliate of Saudi Basic Industries Corporation (Sabic).Yansab is 51% owned by Sabic and 4% owned by Saudi Industrial Investment Company. About 10% of the equity is divided between 17 private companies, and the remaining 35% of the equity is owned by Saudi nationals through an IPO.
The company was founded with the aim to engage in manufacturing of petrochemical products. Currently, Yansab is in its pre-operation stage and held its first general assembly meeting in March, which saw a review of the company's development. The meeting concluded that Yansab was 90% ready and will go on-stream before the end of 2008.
KEY INFORMATION
Industry
Refining and Petrochemicals
Address
YANSAB Building, Yanbu Industrial City, 31396, Yanbu, Saudi Arabia
T
966 4 3259200
F
966 4 3218175
E
-
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 22 Nov 2008 | - |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| Al Ahsa Development Company | Saudi Arabia |
| Arab Petroleum Investments Corporation | Saudi Arabia |
| General Organization for Social Insurance | Saudi Arabia |
| National Industrial Gases Company | Saudi Arabia |
| Public Pension Agency | Saudi Arabia |
| Saudi Arabian Fertilizer Company | Saudi Arabia |
| Saudi Basic Industries Corporation | Saudi Arabia |
| Saudi Pharmaceutical Industries & Medical Appliances Corporation | Saudi Arabia |
| United Gulf Investment Corporation | Bahrain |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Mutlaq Bin Hamad Al Morayshed | Chairman |
| Abdullah Bin Makbal Al Garawi | Director |
| Fawaz Bin Mohammed Al Fawaz | Director |
| Abdulnasser Bin Ahmad Al Babtain | Director |
| Hussein Bin Mohammed Sadek Kadi | Director |
| Abdulrahman Al Faqih | Director |
| Mohammed Bin Hammoud Suleiman Al Ouhali | Director |
| Kassem Bin Saleh Mohammed Al Sheikh | Director |
| Fayez M. Al Rokh | Secretary of the Board |
| MANAGEMENT | Position |
| Abdulrahman Al Faqih | President |
| Fayez M. Al Rokh | Chief Financial Officer |
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Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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