Sun 26 Sep 2010 07:52 AM
Mahdi Al Bogami
47

Mahdi Al Bogami

Industry: Energy

Designation: Pre-downturn, Saudi Kayan Petrochemical Co was doing well.

Country: Saudi Arabia

Occupation: Pre-downturn, Saudi Kayan Petrochemical Co was doing well.

-$897.92

Saudi Kayan Petrochemical Co

Saudi Arabia

Pre-downturn, Saudi Kayan Petrochemical Co was doing well. It made a net profit of $41.40m in the first half of 2008, but the tide turned for the firm last year.

The four-year-old company, which is 35 percent owned by Saudi giant Saudi Basic Industries Corp (SABIC), made a net loss of $1.4m during the first half of 2010, meaning its 1,654 staff each recorded a loss of nearly $900 - an unwelcome run into the red for a firm that will be hoping for a much-improved H2.