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Saudi Basic Industries Corporation · Riyadh Saudi Arabia

Damman Highway,
Qordoba
Phone: +966-1-225-8000
RiyadhFax: +966-1-225-9000
Saudi ArabiaMap Map This Company
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Saudi Basic Industries Corporation Rankings

Arrow Bullet - Hoovers #71 in FT Global 500 (June 2011)

Company Description

SABIC is an acronym for the Saudi Basic Industries Corporation, but it could stand for "seriously big industrial chemicals company." Saudi Arabia's largest non-oil company, SABIC produces chemicals through six units: chemicals, performance chemicals, polymers (polyolefins, PVC, and polyester), SABIC Innovative Plastics, fertilizers, and metals (mostly steel, along with stakes in aluminum companies). One of the world's largest makers of polyethylene and polypropylene (with LyondellBasell and Ineos), it is majority owned (70%) by the Saudi government. In 2007 SABIC bought the former GE Plastics (now the Innovative Plastics unit) for $11 billion, greatly expanding its US operations and adding its seventh unit.

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Financials

Company TypeGovernment-ownedHeadquarters
Fiscal Year-EndDecember
2009 Employees33,000

Executives

21 executives listed for Saudi Basic Industries Corporation's Riyadh, Saudi Arabia location.

ChairmanSaud Al-SaudE-mail
Vice Chairman and CEOMohamed Al-MadyE-mail
VP Corporate FinanceMutlaq Al-MorishedE-mail

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