RIYADH: SABIC Agri-Nutrients Co. plans to continue examining investment opportunities both inside and outside Saudi Arabia, Chairman Abdulrahman Shamsaddin told Argaam.
Through the investment plan, the company will establish projects related to the agricultural nutrients industry in order to support its growth strategy for fertilizers and nutrients.
Along with conforming to all relevant industry standards and laws, the chairman said the company will form a partnership with all its stakeholders locally and globally. This will be done to improve shareholder rights and boost the company’s workforce to maximize its assets and reach global audiences, according to the top official.
SABIC Agri-Nutrients Co. profit soared to SR2.5 billion ($670 million) in the first quarter, compared to SR423 million in the same period a year ago, one of the highest quarterly profits.
Incorporated in 1965, SABIC is a half-owned subsidiary of chemical giant SABIC and a significant player within the fertilizer industry. It supplies customers throughout the Middle East, Far East, Africa, and the US.
