SABIC AN CEO says demand, plant shutdowns drive price rise

Fahad Albattar, CEO of SABIC Agri-Nutrients

The rise in agricultural nutrient prices during the first quarter of 2025 was primarily driven by stronger demand from key import markets, as they moved to build up inventories ahead of the spring planting season, said Fahad Albattar, CEO of SABIC Agri-Nutrients Co. (SABIC AN).

According to the company's statement, Albattar noted that prolonged shutdowns at several factories since the previous quarter had tightened supply, further supporting the rise in prices.

The company's results confirm its ongoing commitment to maintaining discipline in capital movement, cost optimization, and effectively managing working capital, in addition to strengthening its financial stability and growth, according to Albattar.

SABIC Agri-Nutrients’ performance reflects the flexibility of its business and ability to benefit from market movements, the top executive said. He emphasized the company's commitment to maximizing shareholders' equity through its focus on improving costs, increasing operational efficiency, enhancing asset reliability, and achieving strong pricing performance across its various products.

According to Argaam data, SABIC Agri-Nutrients' profits rose to SAR 985 million by the end of the first quarter of 2025, a 17% increase compared to SAR 841 million during the same period in 2024.