Saudi Arabian Fertilizer Company, the first petrochemical company in Saudi Arabia, was established under Royal Act no. M/13 dated 11-05-1385H – 1965 as joint venture between the Government and the citizens of Saudi Arabia, it had a capital amount of (100 million) SR. Initially the government owned 51% of the shares in the company with the remainder in private sector, when the company showed the growth and success, the government granted 10% of its shares to the company’s Saudi workforce. This wa...