Sunday, 08 November 2009 | 11:29 UAE time
COMPANIES
Yanbu National Petrochemicals Company
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COMPANY DESCRIPTION
Yanub National Petrochemical Company (Yansub) is a Saudi business that develops products for the petrochemical industry. It is 51 percent owned by Saudi Basic Industries Company, while Saudi Industrial Investment Company holds a four percent interest. About 10 percent of the equity is divided between 17 private companies, and the remaining 35 percent is owned by Saudi nationals through an IPO.The company racked up SAR30.4m ($8.1m) losses in 2007, which have since dropped 16 percent to SAR25.6m ($6.8m) for 2008. The losses per share during the same period were SAR0.045 (1.2 US cents) compared to SAR0.054 (1.4 US cents) last year.
According to Yansub bosses, the drop in losses stem from a reduction in operational expenses. They also said that such losses are normal for companies that are still in the pre-operating stages of development.
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 | 2005 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Saudi Basic Industries Corporation | companies | 51 | Saudi Arabia |
| United Gulf Investment Corporation | companies | Bahrain | |
| General Organization for Social Insurance - Saudi Arabia | companies | 9.2 | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Mutlaq Bin Hamad Al Morayshed | Chairman |
| Abdullah Bin Makbal Al Garawi | Board Member |
| Fawaz Bin Mohammed Al Fawaz | Board Member |
| Abdulnasser Bin Ahmad Al Babtain | Board Member |
| Hussein Bin Mohammed Sadek Kadi | Board Member |
| Abdulrahman Abdulqader Al Faqih | Board Member |
| Mohammed Bin Hammoud Suleiman Al Ouhali | Board Member |
| Qassem Bin Saleh Mohammed Al Sheikh | Board Member |
| Fayez M. Al Rokh | Board Member |
| MANAGEMENT | Position |
| Abdulrahman Abdulqader Al Faqih | President |
| Fayez M. Al Rokh | Chief Financial Officer |
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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