Saudi Arabian Fertilizer

Saudi Arabian Fertilizer Company, the first petrochemical company in Saudi Arabia, was established under Royal Decree No. M/13 dated 11-05-1385H - 1965 as a joint venture between the Government and the citizens of Saudi Arabia with a share capital of SR100 million. The capital of the company was increased several times and its current capital is SR 4,166,666,660 made up of 416,666,666 shares of SR 10 each. Saudi Arabian Basic Industries Corporation (SABIC) owns 42.99% with 57.01% being held by the private sector and the public.