Jan 16 (Reuters) - Saudi Kayan Petrochemical Co 2350.SE swung to a net profit in the fourth quarter, it said in a statement on Monday.

The company, an affiliate of Saudi Basic Industries Corp 2010.SE , made a net profit of 103.65 million riyals ($27.65 million) in the three months to Dec. 31, compared with a loss of 624.14 million riyals in the same period of 2015.

($1 = 3.7487 riyals)

(Reporting By Tom Arnold; Editing by Amrutha Gayathri) ((Tom.Arnold@thomsonreuters.com ; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))