Entity

SABIC Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company "SAFCO" ) 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 capital of SR100 million. The capital of the company was increased several times to reach up to SR 4,760,354,040 million made up of 476,035,404 shares @ SR10 each. Saudi Arabian Basic Industries Corporation (SABIC) owns 50.1% with 49.9% being held by the private sector and the public.