Latest News

11/19/2008

SABIC and ExxonMobil Chemical sign Heads of Agreement for new Elastomers project in Saudi Arabia

Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical have signed a Heads of Agreement (HOA) and are progressing detailed studies for a new Elastomers project at their petrochemical joint ventures, Kemya* and Yanp ... Read more

10/18/2008

SABIC ANNOUNCES PRELIMINARY FINANCIAL RESULTS FOR THE PERIOD ENDING SEPTEMBER 30, 2008

The Saudi Basic Industries Corporation (SABIC) has reported net preliminary consolidated profits of SAR 21.71 billion for the first nine months of 2008, an increase of 8 percent, compared to the SAR 20.16 billion net profit in the same peri ... Read more

10/15/2008

SABIC establishes ‘SABIC Capital Ltd.’ in the Netherlands

The Saudi Basic Industries Corporation (SABIC) has announced the establishment of a new wholly-owned company with a paid up capital of Euro 18,000. The company, SABIC Capital Ltd., is based in the Netherlands.Mohamed Al-Mady, SABIC Vice Cha ... Read more

7/19/2008

SABIC EXCEEDS ALL RECORDS REPORTING 14.5 BILLION SAUDI RIYAL PROFIT FOR FIRST HALF 2008

The Saudi Basic Industries Corporation (SABIC) reported preliminary consolidated net profits of SR 14.5 billion for the first six months ending June 30, 2008 compared with SR 12.8 billion in the same period in 2007, an increase of 13 percen ... Read more

6/21/2008

During the visit of Chinese Vice President Xi Jinping SABIC and SINOPEC sign strategic cooperation agreement and agree to expand Tianjin industrial complex

Saudi Basic Industries Corporation (SABIC) and China Petrochemical Corporation (SINOPEC) signed today (Saturday,  June 21, 2008)  in Jeddah, a strategic cooperation agreement to expand the scope of partnership at Tianjin industrial complex, ... Read more

5/28/2008

SABIC Innovative Plastics Wins 2007 National ENERGY GLOBE Award for Brine Recovery Project at Bergen Op Zoom Facility

SABIC Innovative Plastics was named the national ENERGY GLOBE Award overall winner for The Netherlands in recognition of its Brine Recovery project in Bergen op Zoom. Yesterday, at the EU Parliament in Brussels, the company was honored for ... Read more

5/19/2008

SABIC Innovative Plastics Names Charlie Crew President and CEO

SABIC Innovative Plastics today announced that Charlie Crew has been promoted to president and CEO of the company, effective immediately.  Crew will lead the multi-billion-dollar engineering thermoplastics business with operations in more t ... Read more

5/6/2008

AL-MADY GIVES KEYNOTE SPEECH AT FINANCIAL TIMES CHINA-MIDDLE EAST SUMMIT

Saudi Basic Industries Corporation (SABIC) Vice Chairman and CEO, Mohamed Al-Mady, gave the keynote speech at the Financial Times China-Middle East Summit, held in Riyadh on May 5.Speaking on the subject of “Saudi Arabia and China:  Natural ... Read more

4/20/2008

SABIC REPORTS FIRST QUARTER 2008 RESULTS

Saudi Basic Industries Corporation (SABIC), reports first quarter 2008 (1Q08) profits of 6.92 billion Saudi Riyals, compared with 6.28 billion Saudi Riyals for the same period in 2007, an increase of 10 percent. The company’s share profit a ... Read more

4/19/2008

SABIC IS LARGEST EXHIBITOR AT CHINAPLAS 2008 TRADE SHOW

Saudi Basic Industries Corporation (SABIC) is further strengthening its leadership position in China, the world’s most important and fastest growing polymers market. SABIC is the largest exhibitor at Chinaplas, the most important plastics t ... Read more

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