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Industry Center > > Saudi Basic Industries Corporation Company Profile
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Saudi Basic Industries Corporation Company Profile
SABIC is the acronym 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 US-based SABIC Innovative Plastics), fertilizers, and metals (mostly steel, along with stakes in aluminum companies). SABIC is one of the world's largest makers of polyethylene and polypropylene. It operates 60 manufacturing and compouding plants around the world, as well as numerous distribution centers, offices and storage facilities. SABIC it is majority owned (70%) by the Saudi government.
Headlines for Saudi Basic Industries Corporation
Saudi's SABIC says natural gas shortage limiting domestic growth
- Sun Apr 20
STOCKS NEWS MIDEAST-SABIC rises despite Q1 profit drop; Dubai up, Qatar down
- Sun Apr 20
STOCKS NEWS MIDEAST-SABIC Q1 slightly below forecast, other news positive
- Sun Apr 20
Saudi SABIC profit slips in Q1, CEO says must expand abroad
- Sun Apr 20
Saudi's Maaden says secures $2 billion loan for phosphate plan
- Thu Apr 3
Saudi's SAFCO Q1 net profit drops 9.6 pct, beat estimates
- Sun Apr 13
SABIC plans to lift steel capacity to 10 mln T by 2025
- Thu Apr 10
MIDEAST STOCKS-Saudi hits 6-yr peak as investors shrug off SABIC Q1
- Sun Apr 20
Saudi SABIC Q1 profit falls 1.8 pct on product prices
- Sun Apr 20
TABLE-Saudi Arabia Q1 earnings estimates
- Wed Apr 16
Contact Information
Address: PO Box 5101
Riyadh 11422, Saudi Arabia
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
Top Competitors
ExxonMobil Chemical Company
Shell Chemicals Limited

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