Board of Directors Report
18
Subsidiaries and Main Segments
The company owns or participates in a variety of companies both within and outside the Kingdom of Saudi Arabia, as follows:
Ownership )%( 2008
Ownership )%( 2007
Head Office
Scope of Activity
Date of Incorporation
Activity
Company’s Name
NSCSA (America) Inc. Mideast Ship Management Ltd. National Chemical Carriers Ltd. Co. Petredec Ltd. Arabian United Float Glass Company
Company's ships agent Ship Management PetrochemicalsTransportation Liquefied Petroleum GasTransportation Glass Manufacturing and Trading
USA Dubai Riyadh Bermuda Riyadh
Global Global Global Global Regional
1991 1996 1990 1980 2006
100% 100% 80% 30.3% 10%
100% 100% 80% 30.3% 10%
Summary of Financial Results of Subsidiaries for the Fiscal year 2008
Other (Expenses) Income
Participation in Company Net Profits
General and administrative Expenses
Operating Revenue
Operating Expenses
Net profit (Loss)
Company
NSCSA (America) Inc. Mideast Ship Management Ltd. ** National Chemical Carriers Ltd. Co. ** Dependent entirely on the parent company in generating their income.
41.209 22.542 618.937
)12.143( - )502.843(
)23.218( )30.787( )6.997(
)2.223( 269 )62.170(
3.625 )7.976( 46.927
0.48% - 6%
*SAR (000)
There are no issued shares or debt instruments pertaining to the subsidiary companies.
Asset and Liability Distributions over Company Segments for the fiscal year 2008
Crude Oil Transportation Segment 5.032.373 51% 1.995.025 44% Assets Percentage Liabilities Percentage
Petrochemicals Transportation
General Cargo Transportation Combined
Total
3.072.196 31% 2.256.403 49%
292.065 3% 99.804 2%
1.422.792 15% 214.323 5%
9.819.426 100% 4.565.555 100%
*SAR (000)
51%
44%
Assets
Liabilities
5%
2%
15%
31%
3%
49%
Crude Oil
Crude Oil
General Cargo Commoned Petrochemical Carriers
General Cargo Commoned Petrochemical Carriers
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