Saudi Arabian Fertilizer Co. (SAFCO) on Monday announced the change of its name to SABIC Agri-Nutrients Co. on the Saudi Stock Exchange (Tadawul) following the approval by an extraordinary general assembly meeting held in November.

Last year the company acquired the agri-nutrients business from Saudi Basic Industries Corp (SABIC). The deal allows SABIC to focus on expanding its petrochemical business while SAFCO specializes in fertilizers and phosphate.

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@refinitiv.com

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