Is Saudi Kayan (2350) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 114.0% / 30% | 4.0% / 30% | 31.5% / 30% | 0.31% / 5% | ✗ NOT HALAL |
| DJIM | 114.0% / 33% | 4.0% / 33% | 31.5% / 33% | 0.31% / 5% | ✗ NOT HALAL |
| MSCI | 33.7% / 33% | 1.2% / 33% | 9.3% / 33% | 0.31% / 5% | ✗ NOT HALAL |
| S&P | 114.0% / 33% | 4.0% / 33% | 31.5% / 33% | 0.31% / 5% | ✗ NOT HALAL |
| FTSE | 33.7% / 33% | 1.2% / 33% | 9.3% / 50% | 0.31% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -10.6% | |
| Operating Margin | -29.4% | |
| Net Margin | -27.1% | |
| Return on Equity (ROE) | -22.2% | |
| Return on Assets (ROA) | -4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$303M |
| Free Cash Flow | -$951M |
| Total Debt | $9.1B |
| Debt-to-Equity | 99.6 |
| Current Ratio | 0.8 |
| Total Assets | $22.7B |
Price & Trading
| Last Close | SAR 5.13 |
| 50-Day MA | SAR 4.94 |
| 200-Day MA | SAR 5.09 |
| Avg Volume | 6.7M |
| Beta | 0.2 |
|
52-Week Range
SAR 4.46
| |
About Saudi Kayan (2350)
Saudi Kayan Petrochemical Company manufactures and sells chemicals, polymers, and specialty products. The company offers ethylene for use as a feed stock for polyethylene and ethylene glycol; propylene for use as a feed stock for polypropylene and cumene; benzene for use as a feed stock for cumene plant; polypropylene for automotive, electric appliances, hot water pipe systems fibers, and film wraps; and high- and low-density polyethylene for automotive gasoline tanks, pipes, bottles, and containers. It also provides ethylene oxide for use as a feed stock to ethylene glycols, polycarbonates, and ethanolamines; monoethylene glycol for use in polyester fibers, PET soft drinks package, antifreeze and coolants, heat transfer fluids, and chemical intermediates; diethylene glycol used in unsaturated polyester resins, polyurethanes and plasticizers, grinding aids, gas dehydration, printing ink, and paint pigments; and triethylene glycol for the dehydration of industrial gases and solvents, and plasticizers. In addition, the company offers cumene and phenol used as a feed stock to phenol and bisphenol-A plants; acetone used in solvents, and BPA and methyl methacrylate manufacturing; bisphenol A for use in polycarbonates and epoxy resins; and polycarbonate for use in optical media, construction and housing, automotive, aircraft, electronic components, lenses, toys, hobby items, and medical appliances; monoethanolamine, diethanolamine, and triethanolamine used in gas sweetening, detergent and specialty cleaning formulations, concrete mixtures, flexible urethane foam catalysts, pharmaceuticals, personal care products, and herbicides; ethoxylates for the detergent, paint, and leather industries; N-butanol for use in solvents, plasticizers, and coatings; iso-butanol used in direct solvents, chemical intermediates, and additives; and natural detergent alcohol for use in detergents. The company was incorporated in 2007 and is headquartered in Jubail, Saudi Arabia.
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Frequently Asked Questions
Is Saudi Kayan (2350) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Saudi Kayan is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Saudi Kayan's debt ratio?
Saudi Kayan's debt ratio is 114.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 33.7%.
What are Saudi Kayan's key financial metrics?
Saudi Kayan has a market capitalization of $7.8B, and revenue of $8.5B. The company maintains a gross margin of -10.6% and a net margin of -27.1%. Return on equity stands at -22.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.