SABIC

Company

Investment-firm

General

About Company
SABIC is a large diversified manufacturing company based in Saudi Arabia.

Industry

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Also Known As

Saudi Basic Industries

founded date

01.01.1976

Number of employees

Company Type

For Profit

IPO status

Private

Description

The company is involved in a range of industries including chemicals, intermediates, industrial polymers, fertilizers, and metals. SABIC is the largest public company in Saudi Arabia, with the Saudi government owning 70% of its shares. It is also the largest company in the Middle East. SABIC is a major producer of ethylene glycol, polyethylene, polyolefins, and polypropylene, as well as mono-ethylene glycol, MTBE, granular urea, polycarbonate, polyphenylene, and polyether imide. The company has been ranked highly on the Fortune Global 500 and Forbes Global 2000 rankings. SABIC has three primary business segments: Petrochemicals and Specialties, Agri-nutrients, and Hadeed. The company's Petrochemicals and Specialties segment produces a range of products from hydrocarbon feedstock, including fertilizers, while Hadeed is responsible for steel production. SABIC generates the majority of its revenue from the Petrochemicals and Specialties segment and primarily operates in Europe.
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