SABIC

SABIC
SABIC
Native name
الشركة السعودية للصناعات الأساسية (سابك)
Company typePublic
Tadawul: 2010
ISINSA0007879121 Edit this on Wikidata
IndustryChemicals
FoundedSeptember 1976; 48 years ago (1976-09)
Headquarters
Riyadh
,
Saudi Arabia
Key people
  • Khalid Hashim Al-Dabbagh (Chairman)
  • Abdulrahman Al-Fageeh (CEO)
ProductsChemicals and intermediates, industrial polymers and fertilizers
RevenueIncrease US$52.92 billion[1] (2022)
Decrease US$6.37 billion[1] (2022)
Decrease US$4.41 billion[1] (2022)
Total assetsDecrease US$83.49 billion[1] (2022)
Total equityIncrease US$49.61 billion[1] (2022)
OwnerSaudi Aramco (70%)
Number of employees
32,721 (2019)
Websitewww.sabic.com

Saudi Basic Industries Corporation (Arabic: الشركة السعودية للصناعات الأساسية), known as SABIC (Arabic: سابك), is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco.[2][3] It is active in petrochemicals, chemicals, industrial polymers and fertilizers.[4] It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.

In 2017, SABIC was ranked fourth in the world among chemical companies by Fortune Global 500.[5] By the end of 2018 SABIC was the world's 281st-largest corporation.[6] In 2014, the company had sales revenues of $50.4 billion, profits of $6.7 billion and assets standing at $90.4 billion.[7] It also has been recognized as the world's second most valuable brand in the chemicals industry by Brand Finance in 2021.[8]

SABIC European Head Office in Sittard, the Netherlands
  1. ^ a b c d e https://www.sabic.com/en/reports/annual-2022 [bare URL]
  2. ^ Wilson, Tom; Al-Atrush, Samer (2022-03-20). "Saudi Aramco net revenues double to $110bn on surging oil demand". Financial Times. Archived from the original on 2022-12-11. Retrieved 2022-03-21.
  3. ^ Forbes: Global 2000 Leading Companies Forbes Middle East
  4. ^ "SAUDI BASIC INDUSTRIES CORP (SABIC:Saudi Arabia): Stock Quote & Company Profile - Businessweek". investing.businessweek.com. Retrieved 11 May 2018.
  5. ^ [1] Process Worldwide
  6. ^ "SABIC Financials and News | Global 500". fortune.com. 2017-09-16. Archived from the original on 2017-09-16. Retrieved 2024-06-12.
  7. ^ Murphy, Andrea; Tucker, Hank (June 8, 2023). "The Global 2000 2023". Forbes. Retrieved 2024-06-12.
  8. ^ "Brand Spotlight: SABIC | Brand Finance". 2 February 2021. Retrieved 2022-04-05.