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The Company is engaged in producing Methanol, Formaldehyde and super plasticizers and various amino resins.
Overview
Methanol Chemicals Co. (Chemanol) was founded in 1989. In 2008, the Company raised capital to SAR 1.2 billion through an IPO, issuing 60.3 million new shares. The Company operates chemicals plants in( Al Jubail Industrial City) that includes; Methanol, Formaldehyde, Hexamine, Para formaldehyde, super plasticizersand Melamine Formaldehyde Powder Resin.
Basic Information
City: | Jubail |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 1989 |
Commercial Register: | 2055001870 |
Website: | www.chemanol.com |
investorrelations@chemanol.com | |
Phone | +966 13 343 8008 |
Fax | +966 13 358 1311 |
Address | Road 218 - Jubail Industrial City - jubail 31951 |
PO Box | 2101 |
Argaam Classification
Industry Peers
Nama Chemicals Co. |
Sahara International Petrochemical Co. |
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 67.17 |
Free Float % : | 99.58 |
Weight in Index % : | 0.05 |
3M Average Volume : | 665,549 |
3M Average Transactions : | 1,443 |
Change(12M) % : | (29.74) |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
ACC | Saudi Arabia | 84.00 % |
Milestones
29-06-2021
28-06-2010
Commenced commercial operation to expand company's plants (Methanol Plant, Methyl Formamide Plant and Penta Erythritol plant).
16-09-2008
Became publicly listed in the Saudi stock exchange.
17-07-2008
The company’s capital was increased to SAR 1.2 billion from SAR 603 million
14-11-2007
It was converted into a joint stock company
15-08-2006
The company’s name was changed to “Methanol Chemicals Company Limited”
14-08-2006
The company’s capital was increased to SAR 603 million from SAR 150 million
26-01-2006
The company’s capital was increased to SAR 150 million from SAR 58 million through capitalizing retained earnings.
18-10-2000
The company’s capital was increased to SAR 58 million from SAR 25 million through capitalizing retained earnings.
03-05-1998
The company’s capital was increased to SAR 25 million from SAR 12 million through capitalizing retained earnings
02-06-1995
The company’s capital was increased to SAR 12 million from 5.5 million
1991
Commenced production
01-08-1989
Established "Saudi Formaldehyde Chemical Company Limited" with a GCC conjoint capital to use Methanol and other raw materials to produce Formaldehyde, Urea Formaldehyde and their derivatives.
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