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Industry Center > > Saudi Basic Industries Corporation Company Profile
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Saudi Basic Industries Corporation Company Profile
SABIC stands for Saudi Basic Industries Corporation, but it could also stand for "seriously, a big industrial company." Saudi Arabia's largest non-oil company, SABIC operates through six units: chemicals, performance chemicals, polymers (polyolefins, PVC, and polyester), plastics (including SABIC Innovative Plastics), fertilizers, and metals (steel and aluminum). SABIC is one of the world's top makers of polyethylene and polypropylene. The company, which introduces some 150 new products per year, operates 60 manufacturing and compounding plants in 40 countries, as well as numerous distribution centers, offices and storage facilities. Founded in 1976, SABIC it is majority owned (70%) by the Saudi government.
Headlines for Saudi Basic Industries Corporation
Saudi's SABIC, Shell shelve petchem plant expansion in Jubail
- Thu 8:01 am ET
MIDEAST STOCKS-Strong results, steady Europe buoy most markets
- Thu 10:53 am ET
Saudi's SABIC says won't expand petrochemicals venture with Shell
- Thu 6:18 am ET
Saudi's Yansab Q3 net profit falls 20 pct as sales drop
- Mon Oct 20
Saudi's SAFCO Q3 net profit rises 24 pct as sales increase
- Sun Oct 19
MIDEAST STOCKS-Markets slide again in line with Europe; Saudi resilient
- Mon Oct 20
Saudi firm provides free eye care to Indian children
- Sat Sep 27
Industries Qatar Q3 profit rises 5 pct, halting profit slide
- Mon Oct 20
SABIC resin to be used in Mumbai suburbans' seats
- Fri Sep 26
MIDEAST STOCKS-Saudi Arabia shares tumble, Dubai extends drop
- Sun Oct 12
Contact Information
Address: PO Box 5101
Riyadh 11422, Saudi Arabia
Phone:+966-1-225-8000
Fax:+966-1-225-9000
Financial Highlights
Fiscal Year End:December
Revenue (2012):50000.00 M
Employees (2012):40,000
Key People
Chairman: Prince Saud bin Abdullah bin Thenayan Al-Saud
Vice Chairman and CEO: Mohamed H. Al-Mady
EVP Technology and Innovation: Ernesto Occhiello
Industry Information
Sector:
Industry:
Top Competitors
ExxonMobil Chemical Company
Shell Chemicals Limited
 


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