MATERIALS SECTOR
SABIC Agri-Nutrients Company
GLOBAL AMBITIONS
SABIC Agri-Nutrients Company
- www.safco.com.sa
- Year company founded: 1965
- Number of employees: 1,254
- Market capitalization: SAR 33.58 billion
SABIC Agri-Nutrients Company – formerly Saudi Arabian Fertilizer Company (SAFCO) – was established by a Royal Decree in 1965. It is headquartered in Al-Jubail industrial City. It has been a leader in Saudi Arabia’s agri-nutrients sector since its inception and has ambitious plans to enable it to become a leading global player in the industry.
SABIC Agri-Nutrients Company was the first petrochemical company in Saudi Arabia and operates the world’s largest ammonia plant. The company also owns 50 percent of the National Chemical Fertilizer Company and has stakes in Arabian Industrial Fibers Company and Yanbu National Petrochemical Company. Listing on the Saudi Exchange allowed SABIC Agri-Nutrients Company to expand and strengthen its position in the market even more.
The company takes its environmental responsibilities seriously, introducing the first Urea Granulation Ammonia Abatement System, which is part of an environmental project to reduce ammonia emissions from granulation stacks. It has also developed three novel fertilizer products that lower ammonia volatilization, which reduces runoff from fields, protects water supplies, and offers farmers higher yields with fewer resources. In 2015, SABIC Agri-Nutrients Company received both the King Khalid Award for Responsible Competitiveness and the Royal Commission Environmental Initiatives Award.
Under the leadership of its President Fahad Mesfer Al-Battar, SABIC Agri-Nutrients Company has a strong focus on technology and innovation, which helps it navigate the challenges facing the sector. While challenges range from increasing demand for fertilizer differentiation to tighter regulations around nitrogen loss, there are also opportunities to produce more specialty products and to increase its market share through investments inside and outside of Saudi Arabia.
Developing human capital and attracting and retaining talent are key factors in SABIC Agri-Nutrients Company’s success. It has implemented people development programs to ensure all employees are equipped with the required knowledge and skills to succeed. Through its social responsibility programs, it supports various community initiatives, and is conducting a number of safety, environmental, security, and health awareness programs for schools and neighborhoods.
Our strategy
The company has developed a clear future strategy to ensure growth in the field of fertilizers and agricultural nutrients while maintaining high safety and quality standards with a commitment to sustainability and social responsibility. It is in full compliance with all industry standards and laws to help it achieve global leadership. It is also committed to the partnerships between the company and all relevant parties locally and globallyin addition to a commitment to work toward developing shareholders equity. The company also stresses on workforce development to keep pace with business trends and to implement its strategies.
SABIC Agri-Nutrients Company will implement its policies through the following points:
The first axis: Improve energy efficiency through a number of programs and projects concerning reliability, sustainability, and performance improvement.
The second axis: Study new investment opportunities in agri-nutrient supplements and industrial projects inside and outside Saudi Arabia.
The third axis: Study the feasibility of acquiring stakes in companies in the fertilizer industry or investing in viable companies.
SABIC Agri-Nutrients Company operates the world’s largest ammonia plant, with a total production of 3,670MT/day