SABIC WINS BEST CORPORATE GOVERNANCE AWARD THIRD YEAR IN ROW

For the third year in a row, the London-based Ethical Boardroom magazine has named SABIC as the winner of the Best Corporate Governance Award, recognizing it among those companies that have “raised the bar to ensure that strong corporate governance plays an essential part in protecting and enhancing long-term value for all stakeholders.”

The Corporate Governance Awards 2019 recognizes the outstanding leadership from boards and is a part of Ethical Board’s continuing mission to elevate corporate governance standards globally. SABIC won the award for the Middle East in the Conglomerate category.

Announcing the awards, Ethical Boardroom said, “Governance is one of the top priorities of board chairs and executive management and recognized as critical to a company’s sustainability, shareholder value and investment attractiveness. Good corporate governance, whether in a family business or large listed company, is crucial to unlocking value.”

Ethical Boardroom is a subscription-based magazine and website that delivers coverage and analysis of global governance issues. It addresses corporate governance challenges confronting boardrooms today.

SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.

We support our customers by identifying and developing opportunities in key end markets such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy.

SABIC recorded a net profit of US$ 5.7 billion in 2018. Sales revenues for 2018 totaled US$ 45 billion while total assets stood at US$ 85 billion. Production in 2018 was 75.3 million metric tons.

SABIC has more than 33,000 employees worldwide and operates in around 50 countries. Fostering innovation and a spirit of ingenuity, we have 11,738 global patent filings, and have significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia.

The Saudi Arabian government owns 70 percent of SABIC shares with the remaining 30 percent publicly traded on the Saudi stock exchange.