Nama Chemicals

Nama Chemicals, listed on the Saudi Exchange under ticker 2210, is a Saudi-based company operating in the basic materials sector, specifically the chemicals industry. The company engages in the manufacturing and marketing of chemical products, including petrochemicals, industrial chemicals, and specialty chemicals. Its operations cover a range of activities from production to distribution, serving both local and regional markets.

Nama Chemicals generates revenue primarily from the sale of chemical products. The company's business model involves producing chemicals through its manufacturing facilities and distributing them to industrial customers. Revenue streams are derived from various product lines, but the company has experienced significant volatility, with revenue declining 53.56% year-over-year. Recent quarterly results show fluctuating net income, including a large gain in Q2 2025, likely from non-operating items, as operating margins remain deeply negative.

As a player in the chemicals sector, Nama Chemicals competes with other regional and global chemical producers. The company's financial metrics indicate distress: negative gross and operating margins, a high debt-to-equity ratio (debt of 593.24M SAR vs. minimal cash), and negative EBITDA on an annual basis. Its market cap is 458.88M SAR, with a P/E of 37.48 despite negative earnings in most quarters, suggesting the market may be pricing in a turnaround. The company's positioning is weak relative to peers, given its poor profitability and high leverage.

Nama Chemicals primarily serves industrial customers in Saudi Arabia and the broader Middle East. Its target audience includes manufacturers in construction, packaging, and other sectors that use chemicals as inputs. The company's main geographic market is Saudi Arabia, with potential exports to neighboring countries. However, its financial instability and negative free cash flow yield (-10.13%) raise concerns about its ability to sustain operations without additional financing or restructuring.

An auto-generated descriptive profile based on company data, for informational purposes only.