Middle East Economic Survey


No 24


saudi arabia

SABIC Outlines Structure Of Yansab Joint Stock Company

Saudi Basic Industries Corporation (SABIC) announced on 4 June that it was beginning a process of establishing a new joint stock company under the name Yanbu' National Petrochemicals Company (Yansab) with a fully paid up capital of SR5.625bn ($1.5bn). The company is the newest SABIC affiliate which will produce 4mn tons/year of ethylene, propylene, polyethylene, ethylene...