Saudi Basic Industries Corporation

Damman Highway, Qordoba
Riyadh, Saudi Arabia
Phone: +966-1-225-8000
Fax: +966-1-225-9000
Primary US Office:
Subscribers Only
http://www.sabic.com

Hoover's coverage by Mark Richardson

Overview

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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Key Numbers from Hoover's UK

Key financials for Saudi Basic Industries Corporation

Company Type Government-owned
Fiscal Year-End December
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Key People from Hoover's UK

Key people and executives for Saudi Basic Industries Corporation

Chairman Prince Saud bin Thunayan Al-Saud
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Vice Chairman and CEO Mohamed H. Al-Mady
VP Corporate Finance Mutlaq Al-Morished
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Top Competitors from Hoover's UK

Top competitors of Saudi Basic Industries Corporation

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Industry Information from Hoover's UK

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Subsidiaries/Affiliates Covered By Hoover's UK

Subsidiaries/affiliates of Saudi Basic Industries Corporation

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Rankings from Hoover's UK

See how Saudi Basic Industries Corporation ranks in standard industry listings such as Fortune 500, S&P 500, and Dow Jones

  • #71 in FT Global 500 (June 2011)
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