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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 Arabia assures India support on energy security
- Wed 3:26 am ET
India invites Saudi investment in oil sector
- Wed 5:38 am ET
MIDEAST STOCKS-Dubai, Saudi bourses pull back after outperforming region
- Wed 9:53 am ET
Saudi SABIC Q3 profit falls 4.5 pct, misses estimates
- Sun Oct 26
Saudi's SABIC, Shell shelve petchem plant expansion in Jubail
- Thu Oct 23
MIDEAST STOCKS-Saudi bourse edges up despite poor SABIC results
- Sun Oct 26
MIDEAST STOCKS-Global backdrop positive, but SABIC earnings miss forecast
- Sun Oct 26
MIDEAST STOCKS-Frontier fund selling weighs on UAE, Qatar
- Thu 9:54 am ET
MIDEAST STOCKS-Markets recover further, Saudi up despite SABIC's Q3 miss
- Sun Oct 26
Saudi's Yansab Q3 net profit falls 20 pct as sales drop
- Mon Oct 20
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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