Commodity Chemicals and Petrochemicals Manufacturing
Strategic Profile
Nama operates through Epoxy Resin Products and Chlor Alkali Products segments, providing epoxy resins, anhydrous caustic soda, epichlorohydrin, and calcium chloride. The company has diversified operations through subsidiaries including Jana (epoxy resins producer), Soda (caustic soda production with 50,000-100,000 tonne capacity), and Nama Industrial Investment Company established in 2007.
Cyborg Score Rationale
With a low trailing P/E of 6.86 and attractive valuation metrics, the company trades at reasonable multiples. Established vertically integrated operations and strong regional presence support stability, though exposure to commodity chemical markets presents cyclical headwinds.
Top Insights
Listed on Saudi Tadawul since October 22, 1998, with symbol 2210 under the basic materials sector.
Operates affiliate companies including NAMA Europe (Bern), NAMA Germany, Arabian Alkali Company (SODA), and Jubail Chemical Industries Company (JANA).
Announced recovery plan in 2017 after previous losses, and was one of two petrochemical companies (of 14) to increase stock value by 9.1% during 2017 market downturn.
Company diversifies revenue through real estate operations in addition to core chemical manufacturing.
Named Competitors
Petrochemicals — Large diversified petrochemical conglomerate