Yanbu National Petrochemical

#1976

Rank

$7.1B

MarketCap SA

SA Saudi Arabia

Country

Summary
Yanbu National Petrochemical Company manufactures and sells petrochemical products in Saudi Arabia. It provides ethylene, propylene, mono ethylene glycol, di ethylene glycol, tri ethylene glycol, polypropylene, low linear density polyethylene, high density polyethylene, butene 1, butene 2, MTBE, benzene, and TX. The company was founded in 2006 and is based in Yanbu, Saudi Arabia. Yanbu National Petrochemical Company is a subsidiary of Saudi Basic Industries Corporation.

History

YANSAB initially began under a joint venture between Chevron Phillips Chemical International Ventures and SABIC, which began operations in April 1990. The company quickly built 10 world-class plants, the largest of which produces over a million tons of ethylene and polyethylene each year. During its years of operations, YANSAB has extended its production capabilities to include specialty chemicals and specialty products, services, and technologies that serve the downstream markets of automotive, medical, energy, and building and construction industry.


Mission
At YANSAB, our mission is to contribute to a secure energy future in the Kingdom of Saudi Arabia and worldwide through the production of innovative, valuable and competitive petrochemical products and services.

Vision
YANSAB’s vision is to become the global leader in petrochemicals, providing superior products and services that meet or exceed the expectations of our partners and customers.

Key Team

Mr. Majed Hasen Al Ahmadi (Exec. Mang.)

Mr. Abdulkareem Al-Malki (CFO, Board Sec. & Director)

Engineer Qasem Saleh Mohammed Al Shaikh (Member of Management Board)

Mr. Wazen bin Mubarak Al-Selmi (Exec. Director of Technical Affair)


Recognition and Awards
YANSAB has earned several awards for operational excellence and environmental sustainability since its establishment in 1990. YANSAB was recently among the top 25 responsible corporate citizens in Saudi Arabia in 2020 according to a survey conducted by Forbes Middle East. The company was also named ‘Company of the Year’ at the International Company of the Year awards in 2019.

References
Yanbu National Petrochemical
Leadership team

Mr. Mohammed A. Bazaid (Pres & Director)

Mr. Sultan bin Ahmed Al-Sheikh (Top Key Exec.)

Mr. Ayman bin Mohammed Amoudi (Top Key Exec.)

Products/ Services
Chemical, Oil and Gas
Headquarters
Riyadh, Ar Riyad, Saudi Arabia
Established
1964
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
2290.SR
Wed Feb 28 2024
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