Arabia Fertilizers Company (SAFCO) is a Saudi Arabia-based
company that operates in the agricultural chemicals sector. The
principle activity is the manufacture and conversion of Urea and
Its ammonia and urea plants are located in Dammam, with an annual
capacity of 2.6 million ton of urea and 2.3 million ton of ammonia.
also manufactures Nitrogenous, Phosphatic, Compound Fertilizers,
Acid and Melamine. Its sulfuric acid product is primarily used in
plants, as well as in chemical cleaners, medicine, insecticides and
fertilizers. Its melamine product is used in paints, gum, home
and other related industries. The Company has investments in other
namely: National Chemicals Fertilizers Company (50%), Arabian
Fibers Company (3.7%) and Yanbu National Petrochemicals Company
SAUDI ARABIAN FERTILIZER COMPANY (SAFCO) ANNOUNCES ITS ANNUAL FINANCIAL
RESULTS FOR THE PERIOD ENDING DEC. 31, 2010
Net income is SR (3235) million, compared to SR (1804) million for the
previous year, an increase of (79%).
Earnings per share is SR (12.94), compared to SR (7.22) in the previous
Gross income is SR (2690) million, compared to SR (1710) million for
previous year, an increase of (57%).
Operating income is SR (2622) million, compared to SR (1658) million in
the previous year, an increaseof (58%).
The increased net income in annual year compared to the previous year
due to higher petrochemical prices, increase in sales volumes andthe
from sale of Dammam land & buildings.