SABIC Agri-Nutrients Company

SABIC Agri-Nutrients Company is a Saudi producer of nitrogen and phosphate crop nutrients headquartered in Riyadh and listed on the Saudi Exchange under the ticker 2020. Its portfolio spans urea, ammonia, and inorganic solutions, together with differentiated products such as technical grade urea and enriched urea lines including zinc-coated, stabilized, humic acid coated and bio-enhanced urea.

In 2024 the company produced 8.524 million metric tons of product, up 2.6 percent from 8.31 million metric tons in 2023, with urea accounting for 57 percent of production and ammonia 39 percent, and sold approximately 7.22 million metric tons. Revenue reached SAR 11.06 billion while net profit declined to SAR 3.33 billion from SAR 3.66 billion on lower average selling prices and higher feedstock costs. Sales by region were distributed across Asia at 35 percent, the Americas at 21 percent, the Middle East and Africa at 20 percent and India at 14 percent.

In July 2024 the company received feedstock allocation approval from the Saudi Ministry of Energy for a new plant in Jubail Industrial City designed to produce up to 1.2 million metric tons of low-carbon ammonia and 1.1 million metric tons of urea annually. The company has supplied certified low-carbon ammonia to international markets since 2022, when a first commercial shipment of 25,000 metric tons reached Ulsan in South Korea, and targets carbon neutrality by 2050.