Sun 26 Sep 2010 07:52 AM
Osama A. Bashaikh
15

Osama A. Bashaikh

Industry: Energy

Designation: A manufacturer of petrochemical products, Yansab announced a net profit of $203.12m for the first six months of this year.

Country: Saudi Arabia

Occupation: A manufacturer of petrochemical products, Yansab announced a net profit of $203.12m for the first six months of this year.

$171,996

Saudi Yanbu National Petrochemicals Co (Yansab)

Saudi Arabia

A manufacturer of petrochemical products, Yansab announced a net profit of $203.12m for the first six months of this year. This was a dramatic turnaround from the $3.97m loss during the first six months of last year, with the firm's 1,181 employees chalking up $171,996 to the company's rise out of the red.

The petrochemical company, in which Saudi Basic Industries (Sabic) holds a 51 percent stake, was set up in February 2006 and started full commercial production in March this year. Around ten percent of the company is divided between seventeen private companies, with the remaining 35 percent is owned by Saudi nationals through an IPO.

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