It is our pleasure as the Board and Management of NAMA to welcome our customers, shareholders and partners to NAMA's website.
Our website is designed to give a proper introduction of NAMA, its affiliates and projects. The company continues to strive to make progress by consolidating resources between the company and its affiliates, as well as continuing the development of its projects.
Since our humble beginning in 1992, NAMA has managed to introduce a new productive project to the Saudi economy every 5 years. First was Arabian Alkali Company (SODA), which started production in 1995. Second was Jubail Chemical Industries Company (JANA), which started producing its first batch of epoxy resins early in 2000. JANA increased the epoxy production by three fold from 2000 to 2007. Our third project, Hassad is in the final stage of construction. The project will add four new products to the company's growing list of products.
Meanwhile, we are continuing our efforts with our partners in Ibn Rushd and Yansab to improve our investments.
NAMA continues to evaluate and discuss with ts partners its future plans to take advantage of Saudi Arabia's abundant natural resources, strategic geographic locations, and dynamic growth potential as well as to utilize its internal organizational strength for mutual benefits and growth.
Saud A. Al-Gosaibi
Chairman