Nama Chemicals

Nama Chemicals, also known as NAMA, is a Saudi Arabian joint stock Taduwal listed company established in 1992 with the objective of developing and establishing industrial projects particularly in the area of chemicals and petrochemicals.[1]

Nama Chemicals
نماء للكيماويات
TypePrivate
IndustryPetrochemical industry
Founded1992
Headquarters
Jubail
,
Saudi Arabia
Key people
Saud Al Gosaibi (Chairman)
Fahad Al Otaibi (CEO)
Kamal Fatayerji (Senior VP)
ProductsEpoxy, Caustic Soda, Epichlorohydrin, Calcium Chloride, Hydrochloric Acid and Sodium hypochlorite
Websitehttp://www.nama.com.sa/

History

Nama Chemicals was established as a local chemicals company in Jubail, Saudi Arabia in 1992. The city lays along the Persian Gulf on the eastern coast of Saudi Arabia and since the establishment of the company, has grown to become a major industrial city.

NAMA was part of a consortium of private companies to bid for a development contract for which was to become Saudi Arabia's first privately owned refinery in 2011, but lost the bid to the state oil company Saudi Aramco.[2]

In 2014, NAMA finished the expansion of its largest epoxy resins plant, raising the production capacity from 60,000 to 120,000 tons of epoxy per year. The construction contract, valued at around $116 million, had been awarded to Jacobs Engineering Group in 2011. Trial runs at the expanded plant were started in October 2013 with commercial operations fully commencing in April 2014.[3]

Corporate structure

Management

Saud Abdul Aziz Al Gosaibi, a Saudi businessman, is the chairman of the company. Fahad Al Otaibi is the company president. Other board members include Khalifa Al-Mulhem, Mohammed Al-Bahar, Khalid Al-Rawaf, and Sultan K. Al-Turki.

Kamal Mohammed Fatayerji is NAMA's CEO and Faisal Al Tutairi is the companies current Vice President of Administration and Industrial Services.[4]

Affiliates

NAMA Europe, located in Bern, Switzerland, NAMA Germany, NAMA Industrial Investment, Arabian Alkali Company (SODA) and Jubail Chemical Industries Company (JANA) are affiliate companies of NAMA.[5]

Shareholders and finance

From 2003 to 2008, NAMA's sales increased by 400% to $170 million.[6]

In 2017, NAMA announced a recovery plan after having made losses in previous quarters. During the downturn of the ME stock market in the same year, NAMA was one of the two of 14 petrochemical companies to not loose points, but instead increased by 9.1%.[7]

In 2006 Nama Chemicals was listed as one of the Saudi Arabia's top 100 companies.[8]

Operations

The company manufactures and markets epoxy, epichlorohydrin, caustic soda, chlorine, hydrochloric acid, sodium hypochlorite and calcium chloride to the worldwide market.[9]

Revenue from their sales of epoxy form the core of the company activities with a worldwide market share of 6%.[10][11]

References
  1. "Company Profile". Nama Chemicals. Retrieved January 20, 2019.
  2. "Saudi PCMC eyes solar, refining, gas projects". Reuters. October 27, 2011. Retrieved January 20, 2019.
  3. "Saudi Nama Chemicals starts commercial operation at epoxy resins plant". Independent Chemical Information Service. April 1, 2014. Retrieved January 20, 2019.
  4. "Executive Management". Nama Chemicals. Retrieved January 20, 2019.
  5. "Affiliates". Nama Chemicals. Retrieved January 20, 2019.
  6. "Chairman Message". Nama Chemicals. Retrieved January 20, 2019.
  7. "MIDEAST STOCKS-Saudi, Kuwait, Egypt retreat; Aramex earnings beat supports Dubai". Reuters. January 30, 2017. Retrieved January 20, 2019.
  8. "Why Work For Us". Nama Chemicals. Retrieved January 20, 2019.
  9. "Global Calcium Chloride (CaCl2) Market 2018 Future Analysis". Tactical Business. August 16, 2018. Retrieved January 20, 2019.
  10. "Global Flexible Epoxy Resin Market Research 2018 : By Applications Urethane Modified, Rubber Modified, Dimer Acid". Business Analyst. August 15, 2018. Archived from the original on August 15, 2018. Retrieved January 20, 2019.
  11. "Our Products". Nama Chemicals. Retrieved January 20, 2019.
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