The IPO plan conforms to the government requirement that a petrochemicals project receiving feedstock from Saudi Aramco must sell half of its local and GCC shareholding to the public.

The shareholders in the

company are National Polypropylene Company (NPPC), Dar Chemicals, Abdul Rahman Saad al-Rashid & Sons and Khalid al-Raji, all local, Vinmar Group and ABB Lummus Global, both of the US, Belgiums Domo Group and the Islamic Development Bank Infrastructure Fund.