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Business
The company is the largest producer of petrochemicals and fertilizers in the Middle East; as well as the largest steel producer in GCC.
Overview
SABIC was set up in September 1977 as a Saudi joint stock company in Riyadh, The company is the largest basic petrochemicals producer in the Middle East, and one of the largest fertilizers and chemicals producers and exporters worldwide. SABIC also spearheads steel producers in the GCC region.
The group is a diversified manufacturer of chemicals and intermediates; industrial polymers; fertilizers and metals fields in more than 40 countries.
The group produces ethylene, propylene, butadiene, methanol, benzene, caustic soda, glycol, industrial gases, PVC & polyester, polyethylene, polypropylene, thermoplastic resins, urea fertilizers, and long & flat hot and cold rolled steel products. Chemicals represent over 60% of SABIC’s total production.
Basic Information
| City: | Riyadh |
| Country | Saudi Arabia |
| Ownership Type: | Joint Stock |
| Establishment Date: | 1977 |
| Commercial Register: | 1010010813 |
| Website: | www.sabic.com |
| IR@SABIC.com | |
| Phone | +966 11 2258000 |
| Fax | +966 11 2259000 |
| Address | Saudi Basic Industries Corporation Building- Riyadh 11422 |
| PO Box | 5101 |
Financials Highlights (M )
Trading Data
| Stock Market : | TASI |
| Fiscal Year End : | December |
| Free Float (M) : | 899.93 |
| Free Float % : | 30.00 |
| Weight in Index % : | 2.90 |
| 3M Average Volume : | 1,531,354 |
| 3M Average Transactions : | 6,338 |
| Change(12M) % : | (6.87) |
Subsidiaries & Associates
| Company | Country | Percentage |
|---|---|---|
| SABIC IP Mount Vernon | USA | 100.00 % |
| Scientific Design (SD) entities | Germany | 100.00 % |
| SABIC Investment and Local Content Development | Saudi Arabia | 100.00 % |
| Hadeed | Saudi Arabia | 100.00 % |
| Petrokemya | Saudi Arabia | 100.00 % |
| SLUX | Luxembourg | 100.00 % |
| SABIC Industrial Investments | Saudi Arabia | 100.00 % |
| Ibn Zahr | Saudi Arabia | 80.00 % |
| United | Saudi Arabia | 75.00 % |
| Ar-Razi | Saudi Arabia | 75.00 % |
| Gas | Saudi Arabia | 74.00 % |
| Nusaned Fund II | Saudi Arabia | 60.00 % |
| YANSAB | Saudi Arabia | 52.08 % |
| FUJIAN | China | 51.00 % |
| SABIC AGRI-NUTRIENTS | Saudi Arabia | 50.10 % |
| GCGV | USA | 50.00 % |
| USG | Netherlands | 50.00 % |
| Takamul | Mauritius | 50.00 % |
| Nusaned Fund I | Saudi Arabia | 50.00 % |
| Cusmar | USA | 50.00 % |
| Sabic plastic energy advanced recycling bv | Netherlands | 50.00 % |
| SABIC SK Nexlene | Singapore | 50.00 % |
| SSTPC | China | 50.00 % |
| SAMAC | Saudi Arabia | 50.00 % |
| Kemya | Saudi Arabia | 50.00 % |
| SHARQ | Saudi Arabia | 50.00 % |
| Ibn Sina | Saudi Arabia | 50.00 % |
| Yanpet | Saudi Arabia | 50.00 % |
| AESSIC | Saudi Arabia | 48.72 % |
| Ibn Rushd | Saudi Arabia | 48.37 % |
| GPDC | Germany | 39.00 % |
| Saudi Kayan | Saudi Arabia | 35.00 % |
| Clariant | Switzerland | 31.50 % |
| SPMC | Saudi Arabia | 30.50 % |
| MPC | Saudi Arabia | 30.00 % |
| Mallinda | USA | 26.20 % |
| ARG mbH & Co KG | Germany | 25.00 % |
| Dussur | Saudi Arabia | 25.00 % |
| Alba | Bahrain | 20.62 % |
| NCC | Saudi Arabia | 20.00 % |
Investments
| Company | Percentage |
|---|---|
| Marafiq | 17.50 % |
| GPIC | 16.70 % |
| MWSPC | 15.00 % |
| GARMCO | 14.90 % |
| IHC | 13.44 % |
| SABUCO | 11.67 % |
| Geismar | 11.50 % |
Milestones
14-04-2022
The company acquired the remaining 50% stake in Scientific Design group of companies (SD Group) from Clariant AG. Through this transaction, SABIC acquired full ownership of SD Group.
04-2017
Saudi Methacrylates Company (a 50% subsidiary of Sabic) starts production
01-04-2010
Started commercial production on the third expansion of Sharq with an output capacity of 1.3 tons of ethylene; 700,000 tons of ethylene glycol; and 800,000 tons of polyethylene.
01-03-2010
Launched commercial production on subsidiary Yanbu National Petrochemicals Company (YANSAB).
29-03-2008
Raised capital to SAR 30 billion by a 20% bonus share issue.
02-12-2007
Raised capital of subsidiary Ibn Rushd to SAR 8.51 billion in partnership with the Saudi Public Investment Fund (PIF).
21-05-2007
Acquired the plastics unit of General Electric for $11.6 billion
12-03-2007
SABIC contributed 30% of the capital of Ma'aden Phosphate plant (a project with an estimated total cost of SAR 13 billion).
30-04-2006
Founded Saudi Kayan Co. with a capital of SAR 15 billion (where SABIC owns 35% stake).
22-04-2006
Raised capital to SAR 25 billion by a 25% bonus share issue
12-2005
Founded Yansab Co. with a capital of SAR 5.625 billion (where SABIC owns 51%)
16-04-2005
Raised capital to SAR 20 billion by a 33% bonus share issue
03-04-2002
Acquired DSM's Petrochemicals' unit for EUR 2.25 billion
14-04-2001
Raised capital to SAR 15 billion by a 12.5% bonus share issue
13-04-2000
Raised capital to SAR 13.3 billion by a 33% bonus share issue
1990
Raised capital to SAR 10 billion by a 33% bonus share issue
1989
Raised capital to SAR 7.5 billion by a 50% bonus share issue
1984
Floated 30% of its capital on the Saudi stock market (Tadawul)
1984
The company started its industrial operations through its subsidiaries Saudi Iron & Steel Company (HADEED), Al-Jubail Fertilizer Company (Al-Bayroni) and Ar-Razi Saudi Methanol Co.
1979
Forged its first joint venture, the Saudi Methanol Company (Ar-Razi).
1976
Set up with a capital of five billion Saudi riyals
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