Headquarters Saudi Arabia | Founded 1965 | |
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Stock price 2020 (TADAWUL) SAR 66.75 -0.25 (-0.37%)23 Mar, 3:00 PM GMT+3 - Disclaimer | ||
Safco 09 fertiliser
SAFCO (Saudi Arabian Fertilizer Company) is the first petrochemical company in Saudi Arabia. It was established in 1965. SAFCO is one of the largest producers of chemicals in the world with an annual production capacity of over 4.9 million tons of fertilizers. Saudi Arabian Basic Industries Corporation (SABIC) owns 42.99% with 57.01% being held by the private sector and the public.
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Operations
SAFCO is one of the largest producers of urea in the world with an annual production capacity of over 2.6 million tons of urea while its ammonia annual production capacity is 2.3 million tons.Also SAFCO owns 3.87% share in the capital of Arabian Industrial Fibers Company (IBN RUSHD) and 1.69% in the capital of Yanbu National Petrochemical Company (YANSAB).
References
SAFCO Wikipedia(Text) CC BY-SA