Saudi Basic Industries Corporation - SABIC


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 Profile

SABIC, the Saudi Basic Industries Corporation, was established in 1976 to add value to Saudi Arabia's natural hydrocarbon resources. SABIC is the largest and most profitable non-oil company in the Middle East and one of the world’s10 largest petrochemicals manufacturers. It is a public company based in Riyadh: the Saudi Arabian government owns 70% of its shares, and the remaining 30% are held by private investors in Saudi Arabia and other countries of the Gulf Cooperation Council. SABIC has four corporate departments: Corporate Finance, Corporate Human Resources, Corporate Control, and Research and Technology (R&T).

 Products/Services overview

SABIC's businesses are grouped into six strategic business units (SBUs), organized by product. These are: Basic Chemicals, Intermediates, Polymers, Specialized Products, Fertilizers, and Metals. These six business units make four different kinds of products: Chemicals – Basic Chemicals, Intermediates and Specialized Products (three SBUs), Plastics – Polymers (one SBU), Fertilizers (one SBU) and Metals (one SBU) six strategic business units, supported by corportate departments and a Shared Services organization. SABIC's manufacturing network in Saudi Arabia consists of 17 affiliates. Most of these are based in the Al-Jubail Industrial City on the Arabian Gulf.

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 Associated Articles

SABIC Launches Value Chain Partnership With Jinming and Bolsas
SABIC Debuts New Copolymer Resin for PV Connector
SABIC Announces Second Quarter Results 2022
Sabic Launches Leadership Training Session for High-ranking Officials
SABIC Reaffirms Commitment To Carbon Neutrality At World Economic Forum In Davos
more articles »
Gulf Oil and Gas
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