Yanbu National Petrochemical Co.
TTADAWUL:229030.10
SAR
-0.28
(-0.92%)
ISIN
SA000A0HNF36
Return %
Stock
S&P 500
1Y
-11.57
14.20
3Y
-22.72
81.12
5Y
-61.61
68.34
Capital Structure
SAR
•
in mil. unless spec.Working Capital
SAR
•
in mil. unless spec.Growth Rates
SAR
•
in mil. unless spec.Quarterly Revenue
SAR
•
in mil. unless spec.Quarterly Earnings Per Share
SAR
•
in mil. unless spec.Quarterly Dividends Per Share
SAR
•
in mil. unless spec.Company Description
- CEO
- Wazen bin Mubarak Al-Solami
- Full Time Employees
- 985
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- PO Box 31396 Yanbu Industrial City Madinah Province Saudi Arabia 41912
- IPO Date
- Dec 17, 2005
- Website
- yansab.com.sa
- Similar Companies
- Business
- Yanbu National Petrochemical Company (YANSAB) manufactures and markets a range of petrochemical products at its integrated complex in Yanbu Industrial City, Saudi Arabia; core products include ethylene, propylene, monoethylene glycol, diethylene glycol, triethylene glycol, high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), polypropylene, butene-1, butene-2, methyl tert-butyl ether (MTBE), benzene, and toluene-xylene-benzene (BTX) blends. Incorporated in February 2006 as a Saudi joint stock company with 562.5 million shares of SAR 10 each and headquartered in Yanbu Industrial City, Madinah Region, YANSAB operates with an annual production capacity exceeding 4 million metric tons; it is 51% owned by Saudi Basic Industries Corporation (SABIC), which exclusively handles marketing and sales to local, regional, and global markets including the Americas (19% of 2024 sales), Middle East (32%), Europe (29%), Asia, and Africa (14%). Products serve diverse sectors such as packaging, automotive parts, textiles, pipe manufacturing, building and construction, consumer goods, and chemicals including paints and coatings. Since commencing commercial operations in March 2010, YANSAB has managed operations for SABIC affiliate Arab Industrial Fibers Company (Ibn Rushd) starting in 2021 to optimize asset utilization and efficiency. In 2024, the company advanced its digital transformation by launching AI-driven solutions for predictive maintenance, asset care using machine learning and big data to preempt malfunctions and reduce downtime, smart inspection systems, digitized work permits, and integration with large data models for factory monitoring, alongside achieving a zero Total Recordable Incident Rate (TRIR), record production of 3.625 million metric tons (up 22% year-over-year), sales volume of 2.136 million metric tons (up 24%), and net profit of SAR 420 million versus a prior-year loss; it earned the Highest Quick-Win Energy Optimization Award 2024, joined the Sustainability Pioneers Program under Saudi Vision 2030, renewed certifications including ISO 27001 for information security and ISO 50001 for energy management, obtained International Sustainability and Carbon Certification (ISCC) and Operation Clean Sweep (OCS) for polymer waste reduction, and progressed toward 20% greenhouse gas emission cuts by 2030 from 2018 levels and net-zero by 2060 in line with the Saudi Green Initiative and Paris Agreement. YANSAB pursues strategic growth through energy optimization programs, production capacity expansions for key products like polypropylene and polyethylene, petrochemical investment studies including potential share purchases in peer firms, and adherence to global EHSS, quality, and cybersecurity standards to enhance competitiveness amid market challenges like excess capacity and demand fluctuations.