Saudi Arabian Fertilizer Company
 | |
| ISIN | SA0007879139  |
|---|---|
| Founded | 11 September 1965 |
| Revenue | 1,840,576,000 Saudi riyal (2019) |
| Total assets | 9,662,542,000 Saudi riyal (2019) |
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.[1]
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).