SABIC
Saudi chemicals company / From Wikipedia, the free encyclopedia
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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, fertilizers, and metals.[4] It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.
SABIC | |
Native name | الشركة السعودية للصناعات الأساسية (سابك) |
Company type | Public |
Tadawul: 2010 | |
ISIN | SA0007879121 |
Industry | Chemicals |
Founded | September 1976; 47 years ago (1976-09) |
Headquarters | , |
Key people | |
Products | Chemicals and intermediates, industrial polymers, fertilizers and metals |
Revenue | US$52.92 billion[1] (2022) |
US$6.37 billion[1] (2022) | |
US$4.41 billion[1] (2022) | |
Total assets | US$83.49 billion[1] (2022) |
Total equity | US$49.61 billion[1] (2022) |
Owner | Saudi Aramco (70%) |
Number of employees | 32,721 (2019) |
Website | www |
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]