Aqaseem Factory for Chemicals and Plastics Co.
9539.SR
Saudi Exchange3.22
SAR
-0.56
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Aqaseem Factory for Chemicals and Plastics Co.
9539.SR
(Saudi Exchange)
Recent
price
3.22
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Aqaseem Factory for Chemicals and Plastics Co. is a Saudi Arabia-based joint stock company specializing in the manufacture and distribution of chemical and plastic products, with a core focus on industrial and automotive lubricants. Established in 1997 and headquartered in Riyadh, the company produces a broad range of products including automotive engine oils (gasoline and diesel engine lubricants), hydraulic oils, transmission oils, cleaning oils, industrial and automobile greases, brake oils, solvents, acetic acid for batteries, citric acid, plastic caps for containers, liquid asphalt insulators, packaging plastics, base oils, and oil breakers. Its products are developed using fully synthetic technology and virgin-based oils aimed at enhancing engine performance and protection. Aqaseem serves local and neighboring markets including Yemen, Egypt, Iraq, Jordan, and Palestine. In the latest major development, Aqaseem Factory for Chemicals and Plastics Co. signed a non-binding memorandum of understanding in November 2025 to acquire a 40% stake in Leader Express for Car Services, a company operating in the automotive services sector. This strategic move indicates an expansion into automotive services alongside its core chemical and lubricant business. The company appointed Value Capital for valuation and plans to conduct financial and legal due diligence to finalize the acquisition. Apart from this, Aqaseem has issued SAR-denominated sukuk in public placements to support its financial strategy and business growth. Aqaseem operates primarily in the chemical and plastics industry segment with a significant focus on motor vehicle manufacturing and maintenance products. The company manages quality control through an equipped laboratory and employs advanced technology to maintain product standards. Its geographic footprint and distribution include Saudi Arabia and a number of countries in the Middle East region. The company continues to expand its product offerings and market presence through strategic partnerships and financial initiatives. This detailed profile reflects Aqaseem Factory for Chemicals and Plastics Co.'s comprehensive product portfolio and its recent strategic shift toward automotive service sector investment, reinforcing its position in the chemicals, plastics, and lubricants industry in the Middle East.