SAHARA PETROCHEMICAL CO. with less fundamental stars is reduced to Neutral
SAHARA PETROCHEMICAL CO. (SA), a company active in the Commodity Chemicals industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date January 9, 2018, the closing price was SAR 16.54 and its expected value was estimated at SAR 15.28.Sahara Petrochemical Company SJSC Formerly known as Sahara Petrochemical Company. Sahara Petrochemical Co SJSC is a Saudi Arabia-based investment company. The Company is involved in investing in industrial projects, mainly in the petrochemicals and chemical fields, and owns and implements projects necessary to supply raw materials and utilities. The Company also focuses on the production of propylene, polypropylene, ethylene, polyethylene and other petrochemical and hydrocarbon based products. Additionally, it engaged in the acquisition of real estate and construction buildings and warehouses to stock and display the Company's products. The Company's industrial facilities are located at Jubail Industrial City. It operates through numerous affiliates, including Al WAHA Petrochemicals, Saudi Acrylic Acid Company, Saudi Butanol Company and Sahara Marketing Company, among others.
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