Yanbu National Petrochemical Company (Yansab) is a Saudi Joint Stock Company registered in the Kingdom of Saudi Arabia under Commercial Registration number 4700009432 dated 12Muharram 1427H corresponding to 11 February 2006. Yansab has obtained Industrial License number S/1367 dated 18 Rajab 1426H corresponding to 1 September 2005.
The objectives of Yansab are to engage in manufacturing of petrochemical products (ethylene, ethylene glycol, high density polyethylene, low linear density polyethylene, polypropylene, butene 1, butene 2, MTBE and BTX) in accordance with its Articles of Association, and other applicable regulations in the Kingdom. The Company commenced its Commercial operations on 1 March 2010 .
The authorized, issued and fully paid share capital of the company consists of 562.5 million shares of SR 10 each. 51% owned by Saudi Basic Industries Corporation (SABIC), (the majority shareholder) and 49% are owned by others and publicly traded.