Saudi Kayan Petrochemical Co.

What Saudi Kayan Petrochemical Co. does

Saudi Kayan Petrochemical Company is a Saudi joint stock company, established in 2007 with a capital of SAR 15 billion and listed on the Saudi Stock Exchange (Tadawul) under ticker 2350 since October 2011. The company is a subsidiary of SABIC (Saudi Basic Industries Corporation) and operates one of the world's largest integrated petrochemical complexes in Jubail Industrial City, Saudi Arabia. The complex processes 80 million standard cubic feet per day of ethane and 70,000 barrels per day of butane feedstock into a diversified product slate spanning olefins (ethylene 1,478 KMT, propylene 630 KMT), polyolefins (HDPE, LDPE, polypropylene), aromatics (benzene, cumene), glycols, phenolics (phenol, bisphenol A, acetone), polycarbonate, and specialty chemicals (ethanolamines, ethoxylates, butanols, natural detergent alcohol). Several of these specialty products — including polycarbonate, bisphenol A, ethanolamines, ethoxylates, cumene, and phenol — are produced domestically in Saudi Arabia for the first time by Saudi Kayan.

The company's business model is that of a pure manufacturing operator with a structurally concentrated go-to-market: 100% of Saudi Kayan's products are marketed and sold exclusively through parent SABIC under a marketing agreement, leveraging SABIC's global network of sales offices. End customers span automotive (HDPE fuel tanks, polypropylene components, polycarbonate glazing), packaging and consumer goods (PET, polyolefin films), industrial chemicals processing (gas sweetening, detergents, coatings), engineering plastics converters (optical media, construction, electronics, medical devices), and domestic downstream conversion industries in Saudi Arabia aligned with Vision 2030 diversification. Pricing is determined by SABIC as the exclusive marketing agent and is not publicly disclosed. The company employs 501-1,000 staff and is governed by a 7-member Board of Directors with SABIC representation, an Audit Committee (in place through March 2027), and operates an active investor relations function through Tadawul disclosures.

Saudi Kayan is currently navigating a challenging operating environment: FY2025 revenue declined 3.06% YoY to SAR 8,458.85 million, with a net loss of SAR 2,293.88 million, and Q1 2026 revenue fell 27.8% YoY to SAR 1,487.72 million, with accumulated losses reaching 43.43% of capital. The company is pursuing a transformation program including Islamic Murabaha loan refinancing, balance sheet restructuring, and a February 2026 Ministry of Energy approval for an additional 30 million SCFD of ethane feedstock (effective mid-2026, ~$162M project cost) intended to improve margins. A SAR 360 million insurance settlement related to a 2025 Bisphenol-A plant incident was recorded through Q3 2025.

Name

Saudi Kayan Petrochemical Co.

Legal name

Saudi Kayan Petrochemical Company

Website

https://saudikayan.com.sa

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Saudi Kayan Petrochemical Company is a SABIC subsidiary operating one of the world's largest integrated petrochemical complexes in Jubail, Saudi Arabia, producing 20-plus olefins, polyolefins, aromatics, glycols, phenolics, polycarbonate, and specialty chemicals from government-allocated ethane and butane feedstocks, with all products sold exclusively through SABIC.

Ownership category

akta.pro rank

Product category

Petrochemicals

NAICS

Petrochemical Manufacturing (32511), Basic Chemical Manufacturing (3251), All Other Basic Organic Chemical Manufacturing (325199)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Base Olefins (Ethylene, Propylene, Butadiene) (IMAEADAA)

akta.pro secondary industries

Base Aromatics (BTX: Benzene, Toluene, Xylenes) (IMAEADAB), Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG)

Keywords

• Petrochemical manufacturing
• Integrated petrochemical complex
• Olefins and polyolefins
• Specialty chemicals
• Polycarbonate production

Headquarters

HQ city

Jubail

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Revenue model

1. Petrochemical Product Sales: Saudi Kayan generates revenue from the sale of petrochemical products including chemicals (ethylene, propylene, benzene, ethylene oxide, cumene, phenol, acetone), polymers (polypropylene, HDPE, LDPE, polycarbonate), and specialty products (mono/di/tri-ethanolamine, ethoxylates, butanols, natural detergent alcohol). Products are marketed and sold exclusively through SABIC's global sales network.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Saudi Kayan Petrochemical Company operates one of the world's largest integrated petrochemical complexes in Jubail Industrial City, Saudi Arabia, producing over 20 distinct chemicals, polymers, and specialty products. The complex processes government-allocated ethane (80 million SCFD) and butane (70,000 barrels/day) feedstocks into olefins (ethylene, propylene), polyolefins (polypropylene, HDPE, LDPE), aromatics (benzene, cumene, phenol), glycols (MEG, DEG, TEG), and specialty chemicals (polycarbonate, bisphenol A, ethanolamines, ethoxylates, butanols, natural detergent alcohol).

Product overview

Saudi Kayan Petrochemical Company operates as a large-scale petrochemical manufacturing complex located in Al-Jubail Industrial City. The company produces a diversified portfolio organized across three main categories: Chemicals (including Ethylene, Propylene, Benzene, Cumene, Phenol, and Ethylene Oxide), Polymers (including Polypropylene, High Density Polyethylene, Low Density Polyethylene, and Polycarbonate), and Specialty products (including Monoethylene Glycol, Diethylene Glycol, Triethylene Glycol, Acetone, Bisphenol A, Ethanolamines, Ethoxylates, Butanols, and Natural Detergent Alcohol). The complex utilizes feedstock including ethane gas (80 million standard cubic feet per day) and butane (70,000 barrels per day) to produce these petrochemical products. SABIC serves as the sole marketing entity for Saudi Kayan's products.

Differentiator

Problem solved

Functional benefit

Products and services

• Ethylene Basic petrochemical feedstock with annual production capacity of 1,478 KMT, used as feedstock for polyethylene and ethylene glycol production.

Quantifiable outcome

• Q1 2026 net loss of SAR 614.61 million improved 20.8% YoY from SAR 775.78 million in Q1 2025, driven by lower raw material costs and reduced G&A expenses.
• +1 more outcomes

Segments5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Ministry of Energy (Kingdom of Saudi Arabia)coreStrategic or Co-development Partner · 12 February 2026The Ministry of Energy allocated an additional 30 million standard cubic feet per day of ethane gas to Saudi Kayan, bringing the total ethane allocation to 80 million SCFD. The Ministry also continues to supply 70,000 barrels per day of butane feedstock. This allocation is a strategic priority for the company to improve profit margins and enhance shareholder value. Estimated project costs are approximately $162 million for infrastructure to accommodate the additional feedstock.
• SABIC (Saudi Basic Industries Corporation)coreChannel Partner/ Reseller/ DistributorSABIC serves as the exclusive global marketing and sales agent for all Saudi Kayan products under a marketing agreement. SABIC handles all customer-facing sales, distribution, and marketing activities globally, both within Saudi Arabia and internationally, through its network of global sales offices. SABIC is also the parent company providing corporate governance oversight, as evidenced by the shared website, cookie notice referencing SABIC, and copyright notices.
• Tadawul (Saudi Stock Exchange)coreOthersSaudi Kayan is listed on the Saudi Stock Exchange (Tadawul). Tadawul provides and manages shares trading services, settlement and clearing, securities depository and registration, and disseminates securities information for Saudi Kayan's shareholders.

Scale indicators8 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• INEOS Group: Global petrochemical major producing olefins, polyolefins, and aromatics across integrated complexes — directly comparable in commodity petrochemical operations and cracker economics.
• BASF SE: Global integrated chemicals major with petrochemical, aromatics, polyolefins, and specialty intermediates portfolios — comparable on the breadth of products overlapping Saudi Kayan's chemicals/polymers/specialty categories.
• SABIC (Saudi Basic Industries Corporation): Saudi Kayan's parent company and the global marketing agent for its products; SABIC is the dominant Saudi petrochemical incumbent with broad basic and specialty chemicals portfolios — highly comparable as a peer despite the parent/subsidiary relationship because of product and feedstock overlap.
• LyondellBasell Industries: Global polyolefins leader producing polyethylene, polypropylene, and propylene oxide — directly comparable with Saudi Kayan's polyolefin slate and integrated cracker economics at global scale.
• Dow Inc. Global broad-line chemical and petrochemical producer with substantial ethylene, propylene, polyolefins, and glycols production — comparable on integrated petrochemical operations and global commodity exposure.

Direct peers

• Sahara International Petrochemical Company (Sipchem): Saudi petrochemical producer listed on Tadawul producing olefins, polyolefins, and specialty chemicals (including ethanolamines and butanols) at Jubail — closest direct overlap with Saudi Kayan's integrated cracker and specialty chemicals portfolio.
• EQUATE Petrochemical Company: Kuwait-based integrated petrochemical producer of olefins, polyolefins (PE, EG), and aromatics, supplying global markets — directly comparable in product slate (ethylene, propylene, polyolefins, MEG) and GCC state-aligned feedstock model.
• Yanbu National Petrochemicals Company (Yansab): Saudi joint stock petrochemical company also listed on Tadawul, operating a large-scale integrated olefins and polyolefins complex in Yanbu with ethane feedstock allocated by the Ministry of Energy — directly comparable in product slate, scale, feedstock structure, and Saudi Vision 2030 alignment.
• Borouge: UAE-based petrochemical joint venture between ADNOC and Borealis producing polyethylene and polypropylene from ethane-based feedstocks in the GCC — directly comparable in integrated polyolefin operations serving the same regional value chain.
• National Industrialization Company (Tasnee): Saudi petrochemicals and downstream conversion company listed on Tadawul with overlapping polypropylene and polyolefin production and similar government-allocated feedstock model — directly comparable in geographic and value-chain positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Kayan Petrochemical Co.