SABIC Agri-Nutrients Co., which is 50.1% owned by Saudi Basic Industries Corp. (SABIC), has relocated the company’s head office from Jubail Industrial City to Riyadh, effective July 19.
SABIC Agri-Nutrients owns SABIC’s 50% stake in National Chemical Fertilizer Co. (Ibn Al-Baytar) and in Al-Jubail Fertilizer Co. (Al Bayroni), and its 33.33% holding in Bahrain-based nitrogen fertilizer producer Gulf Petrochemicals Industries Co. (GPIC). Its product portfolio includes ammonia, urea, DAP, and specialized fertilizer.
This past January, SABIC Agri-Nutrients signed a binding agreement to acquire 49% of the share capital of Dubai-based agri-nutrient blender and distributor ETG Inputs Holdco Ltd. (GM Jan. 28, p. 1).