Saudi Basic Industries Net Worth is$84.4 B
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Logo: Image:Sabic logo.png
Type: Public company
Foundation: 1977
Location: Riyadh, Saudi Arabia
Key People: Prince Saud Bin Thunayan Al-Saud, Chairman, Mohammed Al Mady, CEO
Num Employees: 30,988 (2008)
Industry: Chemical industry
Products: Chemicals and intermediates, industrial polymers, fertilizers and metals
Revenue: $40.5 billion USD (2010)
Profits: $5.7 billion USD (2010)
Homepage: [http://www.sabic.com/ www.sabic.com]
SABIC (Saudi Basic Industries Corporation) (Arabic: ??U?????U??(C) ??U?????U???U??(C) U?U??uU????????? ??U?????????U??(C) ?? ??????U?a?? ) is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest public company in Saudi Arabia as listed in Tadawul, but the Saudi government still owns 70% of its shares. Private sector shareholders are from Saudi Arabia and other countries of the six-nation Gulf Cooperation Council (GCC). SABIC is the largest company in the Middle East.
SABIC is currently the second largest global ethylene glycol producer and is expected to become number one after the introduction of these new projects. SABIC is the third largest polyethylene manufacturer, the fourth largest polyolefins manufacturer and the fourth largest polypropylene manufacturer. SABIC is also the worlda??s largest producer of mono-ethylene glycol, MTBE, granular urea, polyphenylene and polyether imide.
In 2008, SABIC was ranked the no. 4 in the world by Fortune Global 500. By 2009, SABIC also improved its position to become the worlda??s 186th largest corporation One year later, in 2010, SABIC has grown to be the 2nd largest Diversified Chemical Company, 1st when measured only by Market and Asset Value. Measured over all branches, it's now the world 95th largest corporation, on the Forbes Global 2000 ranking with revenues of $40.5 billion, profits of $5.7 billion and assets standing at $84.3 billion
The company is based in Jubail and has interests in 17 affiliated companies which range from full ownership to significant partial participation.
The Saudi Basic Industries Corporation SABIC was founded in 1976 by Royal Decree to convert oil by products into useful chemicals, polymers and fertilizers. SABIC's founding transformed the small fishing villages of Jubail on the Persian Gulf and Yanbu on the Red Sea into modern industrial cities. Production in 1985 was 6.5 million tons, five year

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Saudi Basic Industries Latest News

Saudi’s Dark Al Arkan launches $160m villa project

Dar Al Arkan has partnered with Saudi Basic Industries Corporation (SABIC) for a 600-unit residential complex covering 1.8 million square feet of the master plan’s five million. “Mirabilia will redefine luxury living, offering its residents exclusive ...
Posted: May 14, 2018, 6:15 am

Emirates NBD boosts Dubai; Abu Dhabi, Saudi stocks also up

After opening lower, the Saudi index recovered to close 0.6 percent higher. Saudi Basic Industries (SABIC) and Al Rajhi Bank, two of the largest stocks on the index, finished up 3.4 percent and 0.7 percent, respectively. In Qatar, the index closed 0.6 ...
Posted: May 22, 2018, 6:06 am

Saudi Basic Industries SJSC : Aramco and SABIC to build petrochemical complex in the Red Sea

State oil giant Saudi Aramco and petrochemical producer Saudi Basic Industries Corp (SABIC) signed a preliminary deal on Sunday to build a $20 billion complex to convert crude oil to chemicals. The project, which the partners said would be the largest ...
Posted: May 14, 2018, 1:23 am
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