Riyadh, Saudi Arabia — Nama Chemicals Company announced on June 19 a binding agreement to sell 40% of Al-Jubail Chemical Industries Company (JANA) to Faad Partners Financial Company for SAR 200 million. The Nama Chemicals JANA stake sale will be executed through the issuance of new shares to the buyer.
As part of the deal, JANA will issue new shares to Faad Partners. This issuance grants Faad a 40% stake in the company. Faad Partners is licensed by the Capital Market Authority (CMA) under license number 32-23270. Nama’s General Assembly had already approved the transaction on March 24, 2025.
Share Issuance Strategy in JANA Stake Sale
JANA will raise capital by issuing new shares rather than selling existing equity. This approach secures investment while preserving Nama’s cash reserves. It also boosts the company’s operational flexibility.
Nama disclosed on Tadawul that its Board of Directors holds full authority to finalize the transaction. The board will negotiate final terms, sign contracts, and complete all legal and regulatory steps.
Capital Market Authority Oversight and Financial Timeline
Nama expects the transaction’s financial impact to appear in the second half of 2025. CMA oversight ensures proper share issuance and protects shareholder rights. These measures are vital for deal structuring in Saudi Arabia’s capital markets.
The deal brings new capital into the Saudi chemical sector. It also reinforces Jubail’s status as a leading hub for petrochemical manufacturing.
The Saudi Standard’s View: Strategic Capital Infusion into Industrial Assets
Saudi Arabia continues to draw private capital into non-oil sectors under Vision 2030. The Nama Chemicals JANA stake sale supports this strategy by directing investment toward a key chemical manufacturer.
Issuing new shares shows Nama’s intent to fund growth without diluting current shareholder equity. The move strengthens JANA’s capital base and prepares it for future expansion.
Faad Partners adds value as a licensed financial player with regulatory and capital expertise. The partnership could also raise governance standards and unlock operational synergies. This is especially true if Faad contributes beyond funding.
Successful integration depends on clear governance and shared post-deal goals. The deal’s financial results will show in H2 2025. Long-term success hinges on how well Nama deploys this capital for scalable and sustainable growth.
The Nama Chemicals JANA stake sale represents more than a simple transaction. It marks a strategic shift that fits within Saudi Arabia’s industrial and investment policy direction.
Related: See how joint ventures are reshaping Saudi Arabia’s industrial economy
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