What Alujain Corporation does

Alujain Corporation is a Saudi joint-stock holding company established in 1991 and headquartered in Riyadh, with a stated capital base of SR 692 million (approximately USD 185 million) representing 69,200,000 shares at SR 10 per share. It promotes, develops and invests in industrial projects in petrochemicals, mining, metals and energy, operating as a portfolio of majority- and wholly-owned subsidiaries rather than a single-product business. Its core operating asset is the 65%-owned National Petrochemical Industrial Company (NATPET), which runs a 400,000 metric tons per year propylene/polypropylene complex at Yanbu on Saudi Arabia's west coast using UOP's Oleflex propane-to-propylene technology and LyondellBasell's Spheripol polypropylene technology to produce homopolymers, random copolymers and heterophasic copolymers serving packaging, fibre, raffia, automotive, consumer goods and geosynthetics end-uses. Alujain also wholly owns Industrial Specialized Innovations Company (ISIC), a Yanbu-based manufacturer of plastics and synthetic rubber in primary forms; holds Infrastructure Reinforcement Industrial Company (IRIC), which produces geosynthetics under the GEONATPET brand from Yanbu and distributes through offices in Jeddah, Dammam, Riyadh and Dubai across the GCC, Egypt, the wider Middle East and the Indian Subcontinent; and has a minority position in Natpet Schulman Specialty Plastic Compounds for engineered plastic compounds, color concentrates and additives.

Name

Alujain Corporation

Legal name

Alujain Corporation (شركة اللجين)

Website

https://alujain.sa

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Alujain Corporation is a Riyadh-based Saudi joint-stock holding company investing in petrochemical, mining, and energy projects, primarily operating a 400,000 MT/year polypropylene complex via subsidiary NATPET and geosynthetics via IRIC/GEONATPET for industrial customers across the MENA region.

Ownership category

akta.pro rank

Product category

Petrochemicals and Industrial Manufacturing

NAICS

Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110), Resin and Synthetic Rubber Manufacturing (32521), Chemical Manufacturing (325)

SIC

Industrial Organic Chemicals (2860), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Chemicals & Allied Products (2800)

akta.pro primary industry

Polyolefins (PE, PP) (IMAEADAD)

akta.pro secondary industries

Base Olefins (Ethylene, Propylene, Butadiene) (IMAEADAA), Engineering Thermoplastic Compounds (PA/PBT/PC/POM/PPS/PEEK) (IMANABAB)

Keywords

• Polypropylene manufacturing
• Petrochemical production
• Geosynthetics supply
• Plastic compounds
• Industrial project investment

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Others

Distribution channels2 records

Marketing channels4 records

Core offering

Alujain Corporation develops, invests in and operates industrial projects in petrochemicals, mining, metals and energy. Its core operating activity is the manufacture of polypropylene (homopolymers, random and heterophasic copolymers) at a 400,000 MT/year propylene/polypropylene complex in Yanbu through its 65%-owned subsidiary NATPET, using UOP Oleflex and LyondellBasell Spheripol technologies. It also produces geosynthetics and geotextiles under the GEONATPET brand via its IRIC subsidiary, engineered plastic compounds via Natpet Schulman, and primary plastics and synthetic rubber via its wholly owned ISIC subsidiary.

Product overview

Alujain Corporation is a Saudi joint-stock company (established 1991) that operates as a holding company with a portfolio of petrochemical and manufacturing subsidiaries. The core business centers on polypropylene production through its majority-owned NATPET subsidiary (65%), which operates a 400,000 MT/year propylene/polypropylene complex using Oleflex and Spheripol technologies. The company also holds 100% of Industrial Specialized Innovations Company (ISIC) for plastics and synthetic rubber manufacturing, and operates geosynthetics business through IRIC/GEONATPET and specialty compounds through Natpet Schulman. Alujain functions as a platform holding company managing these interconnected petrochemical and industrial manufacturing operations rather than offering a unified software product.

Differentiator

Problem solved

Functional benefit

Brands

• GEONATPET: Geosynthetics brand produced and supplied by Infrastructure Reinforcement Industrial Company (IRIC); well-known brand in GCC market
• Alujain IR App

Products and services

• Polypropylene (NATPET) Polypropylene resin grades (homopolymers, random and heterophasic copolymers) produced by National Petrochemical Industrial Co. (NATPET) at a 400,000 MT/year complex in Yanbu, supplied to industrial manufacturers for rigid and flexible packaging, fiber and raffia, consumer goods and automotive applications across the GCC and Middle East.
• GEONATPET Geosynthetics and Geotextiles (IRIC) Geosynthetics and geotextile products including virgin polypropylene fibers, marketed under the GEONATPET brand by Infrastructure Reinforcement Industrial Company (IRIC), for construction and infrastructure projects across GCC, Egypt, the wider Middle East and the Indian Subcontinent.
• Engineered Plastic Compounds and Color Concentrates (Natpet Schulman) High-performance plastic compounds, custom-formulated engineered plastic compounds, color concentrates and additives supplied by Natpet Schulman for specialized industrial applications.
• Plastics and Synthetic Rubber in Primary Forms (ISIC) Manufacture of plastics and synthetic rubber in their primary forms at Yanbu by Alujain's wholly owned subsidiary Industrial Specialized Innovations Company (ISIC).

Quantifiable outcome

• Production capacity expansion from 26 KTA to 88 KTA through Beaulieu Fibres joint venture
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Beaulieu Fibres International N.V. (BFI)coreStrategic or Co-development Partner · 20 July 2026BFI will invest SAR 89 million (USD 23.73 million) into Alujain's subsidiary Infrastructure Reinforcement Industrial Company (IRIC) for a 50% equity stake. The partnership aims to locally produce synthetic fibres and non-wovens in Saudi Arabia, expanding IRIC's production capacity from 26 KTA to 88 KTA. Future expansion requiring approximately SAR 330 million (USD 88 million) in additional capital expenditures will be jointly funded by both partners. Financial impact expected to commence at end of Q4 2026.

Recent moves4 records

Expansion highlights6 records

Direct peers

• Advanced Petrochemical Company: Saudi-listed producer of polypropylene and propylene using Oleflex technology — directly comparable to NATPET's process route, product mix, and regional footprint.
• Saudi Kayan Petrochemical Company: Saudi-listed petrochemicals producer with olefins and downstream polymers. Comparable as a Saudi petrochemical peer competing in the same regional PP and downstream markets.
• Yanbu National Petrochemical Company (Yansab): Saudi-listed petrochemical producer operating large-scale olefins and downstream PP/PE assets in Yanbu. Directly comparable as a Saudi-based, propylene-to-polyolefins integrated peer with similar geographic and feedstock exposure.
• Sahara International Petrochemical Company (Sipchem): Saudi-listed petrochemical holding with diversified chemicals and polymers portfolio. Comparable as a multi-subsidiary Saudi petrochemical platform serving similar industrial customers.
• National Industrialization Company (Tasnee): Saudi-listed petrochemical and titanium holding company with PP and downstream operations. Closely comparable as a publicly traded Saudi industrial holding with polypropylene exposure.

Regional players

• EQUATE Petrochemical: Kuwait-based integrated producer of olefins, polyethylene, and ethylene glycol. Comparable as a GCC-based petrochemical producer serving overlapping downstream polymer and fiber markets.
• Borouge: UAE-based joint venture (ADNOC/Borealis) producing polyethylene and polypropylene for the Middle East and Asia. Comparable as a regional PP/PE competitor with overlapping GCC customer base and feedstock access.

Broad incumbents

• LyondellBasell: Global polypropylene leader and licensor of the Spheripol technology used by NATPET. Comparable as the global reference benchmark for PP technology, product mix, and market dynamics affecting Alujain.
• SABIC: Saudi Arabia's flagship petrochemical giant with massive global olefins, polyolefins, and specialty chemicals portfolio. Overlaps heavily with Alujain's PP and downstream businesses but at a much larger scale.

Emerging players

• Beaulieu Fibres International (BFI): Global polypropylene fibre and nonwovens producer that became Alujain's JV partner in IRIC. Directly comparable as a participant in Alujain's expanded geosynthetics/synthetic fiber strategy and as a customer/competitor in PP fiber markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alujain-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

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 Alujain Corporation