SAAC was established in April 2009 as a limited liability joint venture company in which Sahara owns 22%, TSOC owns 65% and Tasnee owns the remaining 13% of the share capital.  By virtue of Sahara’s 32.55% equity stake in TSOC, Sahara owns an additional indirect equity stake of 21.16% in SAAC giving an aggregate shareholding of 43.16%.  The share capital of SAAC is SAR620 million. 

SAAC was established as a holding company for investments in certain other joint venture projects including the Integrated Acrylates Complex project.  Its current and (where applicable) proposed holdings comprise a 75% equity stake in SAMCO, a 75% equity stake in SAPCO and a 33% equity stake in Butanol.  SAAC will also own and operate the U&O Facilities for the Integrated Acrylates Complex project including product storage and warehouse, truck-loading/transportation and port facilities (expected to be completed by the first quarter of 2013).

Products & Application

• Acrylic Esters (Acrylates): An esterification of Acrylic Acid and alcohols produces Acrylic Esters. It is manly used in paints, coating, textiles, plastic additives, adhesives, etc.

• Superabsorbent Polymers: Polymerization of Acrylic Acid produces Superabsorbent Polymers. It is mainly used in the production of baby diapers and feminine hygiene products. Other applications of the Superabsorbent Polymers are in construction materials, agriculture and food packaging.