SABIC CEO: Petrochemicals overcapacity weighs on profit margins, operating rates

Commenting on SABIC’s Q3 2025 financial results, Al-Fageeh said that despite challenging market conditions, SABIC remains committed to delivering its 2025 strategic priorities, adding that adjusted EBITDA of SAR 4.99 billion demonstrated operating resilience.

He said SABIC continued to make solid progress on key strategic growth projects. Mechanical work has been completed for the Methyl Tertiary Butyl Ether (MTBE) project, which began operations ahead of schedule.

Meanwhile, in China, the SABIC Fujian project reached 87% completion in engineering, procurement, and construction works. Both projects are expected to be key value drivers for long-term growth and value creation.

In light of these developments, SABIC remains confident in its ability to navigate market volatility and enhance long-term shareholder value, Al-Fageeh added.

According to Argaam data, SABIC incurred a loss of SAR 4.8 billion in the first nine months of 2025, compared with a profit of SAR 3.4 billion in the same period last year. The company reported a profit of SAR 440 million in Q3 2025.