Yanbu National Petrochemical Company

Yanbu National Petrochemical Company 'Yansab' is a joint-stock company listed on the Saudi Stock Exchange, with 51 percent owned by the Saudi Basic Industries Corporation (SABIC) and 49 percent publicly traded. The company is engaged in the production of petrochemical products, and its industrial complex is located in Yanbu Industrial City in al-Madinah al-Munawwarah Province, west of the Kingdom of Saudi Arabia.

The company was listed on the Saudi Stock Exchange 'Saudi Tadawul' on February 20, 2006, and its shares are traded on the main market under the basic materials sector, with the name (YANSAB), symbol (2290), and International Securities Identification Number (ISIN) (SA000A0HNF36). The company's capital is SAR5.625 billion.

Yanbu National Petrochemical Company 'Yansab' was established as a Saudi joint-stock company in accordance with the laws of the Kingdom, under Commercial Registration No. 4700009432 issued on February 11, 2006.

Yansab obtained Industrial License No. 1367/S dated September 1, 2005, to conduct its industrial activities and build a petrochemical complex in Yanbu Industrial City, with the first phase exceeding an annual capacity of four million t of various products.

Yansab's objectives are to manufacture the following petrochemical products: ethylene, ethylene glycol, high-density polyethylene, linear low-density polyethylene, polypropylene, butene-1, butene-2, MTBE, and BTX, in accordance with its Articles of Association, and other applicable laws in the Kingdom.

The company commenced its commercial operations on March 1, 2010.

Yanbu National Petrochemical Company has developed a strategy to achieve growth in the value-added petrochemicals industry, based on the company's assets and shareholders' rights, while maintaining the highest levels of safety, quality, and sustainability, complying with all industry standards and laws, emphasizing partnerships with all parties associated with the company, and developing shareholders' rights. The company has taken several measures to achieve its objectives, including improving energy efficiency through various sustainability and performance improvement projects, expanding the company's production capacity, participating or acquiring stakes in petrochemical companies, and exploring investment opportunities in the petrochemical sector.

Yanbu National Petrochemical Company carries out all its sales and marketing operations in local, regional, and global markets, through coordination with SABIC, via a committee that reviews market trends, future price forecasts, and product costs, and approves the minimum acceptable net price for products.

The company has obtained several certifications, including Information Security Management System (ISO 27001), Business Continuity Management System (BCMS ISO 22301), Energy Management System (ISO 50001), Quality Management System (ISO 9001-2015), and Food Safety Management System (ISO 22000).

Additionally, Yanbu National Petrochemical Company won the 2022 Global Insight Award for Leadership in Energy Management, awarded by the Clean Energy Ministerial (CEM) in recognition of its pioneering performance in energy management. Yansab was awarded the prize after presenting a case study, in which it reviewed the most significant gains that companies achieve when implementing energy management systems and the (ISO 50001) standard.