IssuerAnnouncementDetailsV2Portlet
Actions
SABIC Agri-Nutrients Company Announces that it Obtained Feedstock Allocation from The Ministry of Energy to Set Up a Conventional Ammonia & Urea Project in The Kingdom of Saudi Arabia
| Element List | Explanation |
|---|---|
| Announcement Detail | SABIC Agri-Nutrients Company's pleased to announce that, on 06 Shawal 1447H corresponding to 25 March 2026, the company received approval from the Ministry of Energy for allocating the required quantities of feedstock to build SABIC Agri-Nutrients plant the (7th) in Jubail Industrial City, Saudi Arabia to produce 1.2 MMTA of Conventional Ammonia and to produce 2.6 MMTA of Urea, bringing total Agri-Nutrients production capacity from around 4.8 million tons per year to around 7.4 million tons per year which is equivalent to an added capacity of 54% compare to current Urea production capacity. This reinforces SABIC Agri-Nutrients position as one of the world’s largest producers and exporters of Nitrogenous Agri-Nutrients in accordance with company’s 2040 growth strategy. Company will later announce any material development related to this project including Final Investment Decision (FID) and Engineering, Procurement & Construction (EPC) contracts award. In this regard, SABIC Agri-Nutrients Company expresses its sincere gratitude and appreciation to the Ministry of Energy for their efforts in supporting the company to be one of the leading Nitrogenous Agri-Nutrients producers globally and reinforcing the Kingdom position in Agri-Nutrient export market and its role in supporting global food security, which will contribute to achieving Saudi Vision 2030 . |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions