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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
MIDEAST STOCKS-Markets edge down as global rally subsides
- Mon 4:10 am ET
MIDEAST STOCKS-SABIC heads Saudi rally as oil price rise supports
- Sun 3:29 am ET
Saudi Kayan signs two Islamic financing deals totalling $700 mln
- Thu Nov 20
SABIC the only Mideast firm on 2014 Global Innovation 1000 list
- Wed Nov 5
Tadawul shows a significant upturn
- Mon 2:05 am ET
MIDEAST STOCKS-Petchems lift Saudi Arabia, Egypt up
- Thu Nov 20
MIDEAST STOCKS-Saudi Arabia, Egypt pull back as oil slides
- Mon Nov 17
MIDEAST STOCKS-Markets in Saudi Arabia, Egypt edge up
- Tue Nov 18
MIDEAST STOCKS-Weak oil, Chinese data weigh on Saudi Arabia
- Thu Nov 13
Saudi Arabia assures India support on energy security
- Wed Oct 29
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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