1 Top Management; 2 Top shareholders; 3 Peer Comparison & Ranking of 2010; 4 Currency Synopsis: Saudi Riyal (SAR) Top Management Top Management Name Designation Abdulrahman Al-Fageeh Chief Executive Officer, Executive Director Khalid H. Al-Dabbagh Chairman Dr. Mohammed Yahya Alqahtani Vice Chairman Abdulaziz Al-Oudan Executive Vice President Top shareholders Top 3 shareholders Name of the Share Holder Number Of Shares % of Capital Aramco Chemicals Co LLC 2100000000 70.0 Yousef Abdurahman Ibrahim Al Zamil 69000 0.002 Faisal Mohammed Al Faqeer 6000 0.0002 % held by Top 3 shareholders 70.0% Peer Comparison & Ranking of 2010 BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING: Saudi Basic Industries vs Saudi Market Out of 286 stocks in the Saudi Arabian Market, Saudi Basic Industries is ranked fourth(4) by Revenue, eighth(8) by Market Cap in $, eleventh(11) by Premium to 52-Wk Low and nineteenth(19) by Yield. Saudi Avg 2010 2010 Rank Revenue $ 3.2 B 37.3 B 4 Market Cap $ 9.2 B 47 B 8 Premium to 52-Wk Low (%) 4.8 1.03 11 Yield (%) 5.2 5.8 19 Net Profit $ 579.3 M 410.3 M 23 Price/Net Tangible Assets 3.1x 1.1x 42 P/Sales 3.2x 1.3x 54 Total Debt/Equity (the lower the better) 0.2x 0.2x 120 Free Cash Flow (1.7 B) 138 Discount to 52-Wk High (%) 12.9 26.02 142 EBITDA Margin% 27.4 3.2 200 ROA (%) 5.7 1.5 205 ROE (%) 12.9 2.3 219 Negative values are shown in brackets. Stock in Index and Stock in Sector Description 2010 All Share Index (TASI) % of All Share Index (TASI) Petrochemical industries sector % of Petrochemical industries sector Net Profit $ 410.3 M 151.1 B 0.3 -221,142,888 -185.5 Revenue $ 37.3 B 825.8 B 4.5 58.6 B 63.7 Total Assets $ 74.1 B 2,649.4 B 2.8 126.9 B 58.4 MCap $ 47 B 2,241.2 B 2.1 79.8 B 59.0 Relative Valuation Indicators: Stock vs Index and Stock vs Sector Description 2010 All Share Index (TASI) Avg. Petrochemical industries sector Avg. Price/Earnings 115.3 15.5 -360.6 Yield (%) 5.78 5.97 4.92 Price/Net Tangible Assets 1.1 2.7 1.23 Total Debt/Equity (the lower the better) 0.19x 0.19x 0.26x MARKET SHARE Saudi Basic Industries has a position of market dominance in the Petrochemical Industries sector. Saudi Basic Industries vs Petrochemical Industries sector [Petrochemical Industries sector Total in Brackets] Revenue of SAR140 billion ($37.3 billion)[63.7% of aggregate sector revenue of SAR219.7 billion; up from 63.0% in the previous year.] GLOBAL RANK [out of 46,079 stocks] AND RANK OF SAUDI BASIC INDUSTRIES IN THE MIDDLE EAST & AFRICA REGION [out of 1,877 stocks] Description Value Global Rank In MEA Region MCap ($) 47B 455 12 Total Assets ($) 74.1B 783 26 Revenue ($) 37.3B 451 7 Net Profit ($) 410.3M 2,579 95 Return on Equity % 2.3 25,226 1,275 Net Profit Margin % 3.1 22,171 1,216 Price to Book 5.9 30,844 1,281 Yield % 5.4 4,347 365 PV1000 (1Year) $* 796 28,089 1,290 $* Change (1Year) % -16.9 28,122 1,282 * 1 year ago $1 = SAR 3.75 May 08, 2025: $ 1 equals SAR 3.75 RANK OF SAUDI BASIC INDUSTRIES IN THE ALL SHARE INDEX (TASI) [out of 165 stocks], IN THE SAUDI MARKET [out of 302 stocks] AND IN THE PETROCHEMICAL INDUSTRIES SECTOR [out of 12 stocks] Description Value In All Share Index (TASI) In Saudi Market In Petrochemical industries sector MCap (SAR) 176.4B 6 8 1 Total Assets (SAR) 278B 10 10 1 Revenue (SAR) 140B 4 4 1 Net Profit (SAR) 1.5B 19 23 2 Return on Equity % 2.3 118 217 5 Net Profit Margin % 3.1 114 207 6 Price to Book 1.1 29 44 4 Yield % 5.8 15 20 2 PV1000 (1Year) SAR 796 91 163 6 LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best] Saudi Basic Industries is ranked number 1 out of 12 listed petrochemical industries companies in the Saudi Arabia with a market capitalization of SAR176.4 billion ($47 billion). Within its sector it has a relatively moderate P/E of 115.3 and moderate Price/Sales of 1.3. It has a moderate relative ROE of 2.3% and ROA of 1.5%. Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1. Currency Synopsis: Saudi Riyal (SAR) % Change of SAR vs Currency Basket Period-Based Last Country 1-day % 1-week % 1-Year % 3-Yrs % SAR1=0.267USD United States Of America 0.0 - - - SAR1=1.927CNY China 0.1 -0.5 0.1 8.2 SAR1=38.121JPY Japan -0.6 0.3 -7.5 9.5 SAR1=0.235EUR European Union -0.4 0.2 -5.3 -7.5 SAR1=372.898KRW South Korea 0.8 -1.6 2.8 9.8 SAR1=0.344SGD Singapore -0.3 -1.1 -4.6 -6.9 SAR1=0.444NZD New Zealand -0.6 -1.0 -0.1 6.7 SAR1=0.2GBP United Kingdom -0.5 0.3 -6.1 -7.6 SAR1=0.411AUD Australia -0.6 -1.1 1.6 9.3 SAR1=2.068HKD Hong Kong 0.1 - -0.8 -1.2 SAR1=0.22CHF Switzerland 0.1 - -9.1 -16.5 SAR1=0.368CAD Canada -0.2 -0.2 0.8 7.3 SAR1=2.557SEK Sweden -0.8 -0.4 -11.5 -3.8 SAR1=2.744NOK Norway -1.0 -0.7 -5.2 8.1 SAR1=5.241MXN Mexico -0.4 0.5 16.4 -2.9 1 Dividend; 2 Financials as Reported FY 2024, Past 10 Years Dividend Dividend History In the past 5 years annual dividends have increased by SAR0.4 from SAR3.0 to SAR3.4. Based on a start date of 5 years ago, there has been two decline in dividends over the last 5 years. Date Value (SAR) Type 12 Feb 2025 1.7 Cash 04 Sep 2024 1.7 Cash Tr 12 Months 3.4 2023 - 2024 3.4 2022 - 2023 4.25 2021 - 2022 4 2020 - 2021 3 Financials as Reported FY 2024, Past 10 Years Financials as reported (FY 2024 [year-ended 31 December 2024 ]) RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In SAR Thousand, except per share data and shares outstanding) INCOME STATEMENT AS REPORTED (FY 2024 [year-ended 31 December 2024 ]) Description SAR Thousand SAR Thousand Dec 31 2024 2023 Change % Revenue 139,980,500 141,537,187 Down 1.1 Cost of sales -114,356,732 -119,463,105 Improved 4.3 Gross profit 25,623,768 22,074,082 Up 16.1 General and administrative expenses -9,909,146 -9,119,995 Deterioration 8.7 Research and development expenses -2,063,168 -1,893,085 Deterioration 9.0 Selling and distribution expenses -8,416,807 -7,751,912 Deterioration 8.6 Results from integral joint ventures 765,158 931,459 Down 17.9 Other operating income 1,360,075 1,237,303 Up 9.9 Other operating expenses -1,622,501 -1,757,459 Improved 7.7 Income from operations 5,737,379 3,720,393 Up 54.2 Results from associates and non-integral joint ventures -434,634 -208,457 Deterioration 108.5 Finance income 1,933,971 3,626,328 Down 46.7 Finance cost -2,820,297 -2,614,650 Deterioration 7.9 Income before zakat and income tax 4,416,419 4,523,614 Down 2.4 Zakatexpense -213,827 -1,269,160 Improved 83.2 Income tax benefit 77,929 438,208 Down 82.2 Net income from continuing operations 4,280,521 3,692,662 Up 15.9 Net loss from discontinued operation -557,386 -4,076,939 Improved 86.3 Net income (loss) 3,723,135 -384,277 Recovery Net income from continuing operations Attributable to: Equity holders of the Parent 2,095,928 1,304,657 Up 60.6 Non-controlling interests 2,184,593 2,388,005 Down 8.5 4,280,521 3,692,662 Up 15.9 Net income (loss) Attributable to: Equity holders of the Parent 1,538,542 -2,772,282 Recovery Non-controlling interests 2,184,593 2,388,005 Down 8.5 3,723,135 -384,277 Recovery Basic and diluted earnings per share from net income (loss) attributable to equity holders of the Parent (Saudi Riyals) Net income from continuing operations 70.0 hallalah 43.0 hallalah Up 62.8 Net income (loss) 51.0 hallalah -92.0 hallalah Recovery Weighted average number of ordinary shares (000) 3,000,000,000 3,000,000,000 Steady BALANCE SHEET AS REPORTED (FY 2024 [year-ended 31 December 2024 ]) Description SAR Thousand SAR Thousand Dec 31 2024 2023 Change % Assets Non-current assets Property plant and equipment 112,580,575 115,122,579 Down 2.2 Right-of-use assets 4,835,543 5,578,572 Down 13.3 Intangible assets 19,141,633 19,763,009 Down 3.1 Investments in associates and joint ventures 35,435,785 41,237,301 Down 14.1 Investments in debt instruments 332,458 332,458 Steady Investments in equity instruments 253,402 236,485 Up 7.2 Deferred tax assets 2,365,609 1,749,286 Up 35.2 Derivative financial instruments 3,669,688 3,745,176 Down 2.0 Other assets and receivables 8,020,234 6,011,266 Up 33.4 Total non-current assets 186,634,927 193,776,132 Down 3.7 Current assets Inventories 18,813,581 18,332,223 Up 2.6 Trade receivables 20,439,823 19,295,374 Up 5.9 Other assets and receivables 10,298,362 5,295,155 Up 94.5 Short-term investments 7,668,807 9,842,617 Down 22.1 Cash and cash equivalents 30,539,668 32,414,996 Down 5.8 87,760,241 85,180,365 Up 3.0 Assets held for sale 3,623,625 15,423,954 Down 76.5 Total current assets 91,383,866 100,604,319 Down 9.2 Total assets 278,018,793 294,380,451 Down 5.6 Equity and liabilities Equity Share capital 30,000,000 30,000,000 Steady General reserve 110,889,032 110,889,032 Steady Other reserves -4,112,475 -1,576,557 Deterioration 160.9 Retained earnings 20,056,576 28,116,139 Down 28.7 Equity attributable to equity holders of the Parent 156,833,133 167,428,614 Down 6.3 Non-controlling interests 27,085,026 27,853,926 Down 2.8 Total equity 183,918,159 195,282,540 Down 5.8 Non-current liabilities Debt 26,165,086 23,255,179 Up 12.5 Lease liabilities 3,983,960 4,622,459 Down 13.8 Employee benefits 13,507,010 12,894,392 Up 4.8 Deferred tax liabilities 611,582 814,942 Down 25.0 Derivative financial instruments 1,975,894 2,011,144 Down 1.8 Provisions 870,565 1,090,489 Down 20.2 Other liabilities 1,605,249 1,608,940 Down 0.2 Total non-current liabilities 48,719,346 46,297,545 Up 5.2 Current liabilities Short-term borrowings 2,080,922 2,414,233 Down 13.8 Current portion of debt 2,022,996 2,301,534 Down 12.1 Current portion of lease liabilities 945,105 903,362 Up 4.6 Trade payables 19,793,604 20,087,016 Down 1.5 Provisions 137,248 1,175,962 Down 88.3 Other liabilities 19,695,999 18,198,349 Up 8.2 Income tax payable 587,075 604,302 Down 2.9 Zakat payable 118,339 1,414,718 Down 91.6 45,381,288 47,099,476 Down 3.6 Liabilities directly associated with assets held for sale 5,700,890 Total current liabilities 45,381,288 52,800,366 Down 14.1 Total liabilities 94,100,634 99,097,911 Down 5.0 Total equity and liabilities 278,018,793 294,380,451 Down 5.6 CASH FLOW AS REPORTED (FY 2024 [year-ended 31 December 2024 ]) Description SAR Thousand SAR Thousand Dec 31 2024 2023 Change % Operating activities Income (loss) before zakatand income tax from continuing operations 4,416,419 4,523,614 Down 2.4 from discontinued operation -513,053 -3,961,642 Improved 87.0 Adjustment to reconcile income (loss) before zakatand income tax to net cash from operating activities: Depreciation of property plant and equipment 11,494,649 12,414,684 Down 7.4 Depreciation of right-of-use assets 1,155,390 1,348,817 Down 14.3 Amortisation of intangible assets and other assets 359,066 450,874 Down 20.4 Impairments and write-offs of property plant and equipment 720,359 1,844,422 Down 60.9 Fair value re-measurement on assets held for sale 304,129 2,931,042 Down 89.6 Gain on sale of assets held for sale -291,359 Results of associates and non-integral joint ventures 434,634 208,457 Up 108.5 Results of integral joint ventures -765,158 -931,459 Improved 17.9 Loss on disposals of property plant and equipment 38,693 41,059 Down 5.8 Finance income -1,933,971 -3,644,535 Improved 46.9 Finance costs 2,820,297 2,785,876 Up 1.2 Change in operating assets and liabilities: Decrease in other non-current assets and receivables 278,093 488,482 Down 43.1 (Increase) decrease in inventories -967,296 5,988,176 Deterioration (Increase) decrease in trade receivables -1,166,810 1,863,250 Deterioration Decrease in other current assets and receivables 1,986,411 47,093 Up 4,118.1 (Decrease) increase in other non-current liabilities -6,796 334,951 Deterioration (Decrease) increase in provisions -1,258,522 1,323,021 Deterioration Decrease in trade payables -668,661 -1,921,939 Improved 65.2 Increase in employee benefits 307,597 526,145 Down 41.5 Increase (decrease) in other current liabilities 399,486 -750,824 Recovery 17,143,597 25,909,564 Down 33.8 Dividend received from integral joint ventures 1,756,390 1,787,474 Down 1.7 Interest received 1,906,610 1,738,327 Up 9.7 Interest paid -2,130,000 -1,989,138 Deterioration 7.1 Zakatand income tax paid -2,318,001 -2,993,307 Improved 22.6 Net cash from operating activities 16,358,596 24,452,920 Down 33.1 Investing activities Purchase of property plant and equipment -10,114,320 -10,456,518 Improved 3.3 Purchase of investments in equity instruments -42,124 -29,770 Deterioration 41.5 Proceeds on the maturity of investments in debt 50,000 286,978 Down 82.6 Additions of intangible assets -85,909 -36,757 Deterioration 133.7 Proceeds from sale of property plant and equipment 33,343 81,168 Down 58.9 Capital contribution and acquisition in associates and joint ventures -1,047,703 -1,467,340 Improved 28.6 Dividend received from associates and non-integral joint ventures 841,891 1,136,841 Down 25.9 Proceeds from sale and divestiture of equity investments 855 101,621 Down 99.2 Short-term investments net 2,160,060 -1,380,968 Recovery Proceeds from sale of discontinued operation 1,163,045 Cash and cash equivalents transferred -1,365,147 Net cash flow from disposal of discontinued operation -202,102 Proceeds from sale of assets held for sale 562,424 Cash and cash equivalents transferred -142,781 Net cash flow from disposal of assets held for sale 419,643 Net cash used in investing activities -7,986,366 -11,764,745 Improved 32.1 Financing activities Proceeds from debt 12,643,750 9,000,000 Up 40.5 Repayment of debt -10,405,275 -9,706,174 Deterioration 7.2 Lease payments -1,075,329 -1,480,851 Improved 27.4 Dividends paid to shareholders -10,100,547 -11,400,961 Improved 11.4 Dividends paid to non-controlling interests -2,618,770 -5,316,568 Improved 50.7 Net cash used in financing activities -11,556,171 -18,904,554 Improved 38.9 Decrease in cash and cash equivalents -3,183,941 -6,216,379 Improved 48.8 Net foreign exchange loss on cash and cash equivalents -75,025 -27,381 Deterioration 174.0 Cash and cash equivalents at the beginning of the year 33,795,375 40,039,135 Down 15.6 Cash and cash equivalents at the end of the year 30,536,409 33,795,375 Down 9.6 Download SAUDI BASIC INDUSTRIES Financials Past 10 Years Description (December 31) 2024 2023 2022 2021 2020 Income Statement Revenue per share 46.66 47.18 38.98 Tax (135.9 M) (831 M) 2 B 2 B (2 B) Net profit 1.5 B (2.8 B) 16.5 B 23.1 B 66.8 M EPS 0.51 (0.92) 0.02 Balance Sheet Equity Share Capital (B) 156.8 167.4 167.6 Retained Earnings (B) 20.1 28.1 15.1 Total Debt (B) 35.2 33.5 40.3 Total Assets (B) 278 294.4 313.1 318.4 295.5 Current Asset (B) 91.4 100.6 148.5 149.6 81.4 Fixed Asset (B) 112.6 115.1 126.8 131 136.2 Working Capital (B) 46 47.8 100.3 100.2 43.9 Cash Flow Operating Cash Flow (B) 16.4 24.5 35.7 39.2 22.1 Investing Cash Flow (B) (8) (11.8) (12.6) (8.9) (14) Financing Cash Flow (B) (11.6) (18.9) (25.4) (17.8) (14.5) Net Cash Flow (B) (3.2) (6.2) (2.3) 12.5 (6.3) Description (December 31) 2019 2018 2017 2016 2015 Income Statement Sales (B) 33.9 60.1 52.9 43.9 150.6 Other Revenue (B) (1.6) 2.5 3 2.5 Tax (B) 2.1 2.6 2.6 3 2.1 Net profit (B) 5.6 21.5 18.4 17.8 18.8 Balance Sheet Total Assets (B) 310.4 319.7 322.5 316.9 328.2 Current Asset (B) 118.3 137 135.8 92.4 Fixed Asset (B) 170.1 163.8 167.4 170 173.2 Working Capital (B) 80.9 99.8 87.5 49.8 Cash Flow Operating Cash Flow (B) 35.6 44.7 38.7 18.9 Investing Cash Flow (B) (13.7) (29.6) 4.8 (4.2) Financing Cash Flow (B) (26.3) (31.7) (25.7) (33.4) Net Cash Flow (B) (4.5) (16.6) 17.7 (18.7)