Saudi Arabian Fertilizer approves SAN-7: what it means for Saudi Arabian Fertilizer stock

Published on 10/19/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SAN-7 adds 1.2 million tonnes of ammonia for Saudi Arabian Fertilizer stock. Second-quarter revenue was SAR 2.41 billion, with results due October 22, 2026.

Expansion and earnings dates

SAN-7 was reported as a USD 3.46 billion project on October 18, 2026.
The second-quarter net income figure was SAR 379.0 million for the quarter ended June 30, 2026.
Saudi Arabian Fertilizer stock stood at SAR 113.30 on October 19, 2026, with a market capitalization of SAR 53.9 billion.

Saudi Arabian Fertilizer, SA0007879139, Illustration mit AI erstellt.

Saudi Arabian Fertilizer (ISIN SA0007879139) approved the SAN-7 ammonia and urea complex, a project valued at USD 3.46 billion, according to Gulf Construction on October 18, 2026. The development is the central operating story for Saudi Arabian Fertilizer stock because it expands nitrogen fertilizer capacity while requiring a large capital commitment.

What does SAN-7 add?

The complex is planned to include an ammonia plant with annual capacity of 1.2 million tonnes and two urea plants with combined capacity of 2.6 million tonnes. BC Insight reported on September 22, 2026, that construction was expected to start in the fourth quarter of 2026 and that the project would add both ammonia and urea capacity.

The capacity change is material. Gulf Construction said urea production capacity is expected to rise from 4.8 million tonnes per year to 7.4 million tonnes per year, a 54 percent increase after completion.

Three dated project steps

On September 22, 2026, BC Insight reported the final investment decision and 1.2 million tonnes of planned ammonia capacity. On September 29, 2026, Chemicals Blog reported the USD 3.46 billion engineering, procurement and construction award and a target of 7.4 million tonnes of annual urea capacity. On October 18, 2026, Gulf Construction again detailed the project and its planned ammonia, urea and carbon capture facilities.

What dates matter next?

TickerLandia lists October 22, 2026, for the next quarterly results. The SAN-7 construction start is expected in the fourth quarter of 2026, giving investors two separate dates for judging execution and near-term earnings.

Results set the near-term test

For the quarter ended June 30, 2026, revenue was SAR 2.41 billion and net income was SAR 379.0 million, according to TickerLandia. The second-quarter revenue was 16.11 percent below the first-quarter figure of SAR 2.87 billion, while net income was 69.11 percent lower than the first-quarter SAR 1.23 billion. That comparison makes the October results important for separating project ambition from current operating performance.

Stock and valuation context

Saudi Arabian Fertilizer stock stood at SAR 113.30 on Tadawul at 10:20 a.m. AST on October 19, 2026. Its market capitalization was SAR 53.9 billion, while the 52-week range was SAR 108.30 to SAR 159.30. The price therefore remained above the yearly low and below the yearly high as the market awaited the next results.