- CEO
- Faisal Mohammed Al-Faqeer
- Full Time Employees
- 34,000
- Sector
- Process industries
- Industry
- Chemicals: major diversified
- Address
- PO Box 5101 Riyadh Riyadh Province Saudi Arabia 11422
- IPO Date
- Jan 10, 1999
- Business
- Saudi Basic Industries Corporation (SABIC) manufactures and markets a broad portfolio of chemicals, polymers, agri-nutrients, specialty products and metals worldwide. Headquartered in Riyadh, Saudi Arabia, and founded in 1976, SABIC operates production facilities in over 50 countries including major sites in Al-Jubail and Yanbu in Saudi Arabia; its products encompass olefins, aromatics, oxygenates, glycols, polyethylene, polypropylene, polyvinyl chloride, polystyrene, engineering thermoplastics such as polycarbonate and ABS, urea, ammonia, nitrogen-based fertilizers, high-performance plastics and steel via its Hadeed unit, serving end-markets including packaging, automotive, construction, healthcare, agriculture, electronics and clean energy.
Seventy percent of SABIC's shares are owned by Saudi Aramco, with 30% publicly traded on the Saudi Tadawul exchange under ticker 2010.SR; the company employs over 33,000 people globally and maintains innovation hubs across the US, Europe, Middle East, Asia and elsewhere.
In recent developments, SABIC completed the sale of its 20.62% stake in Aluminum Bahrain (Alba) to Saudi Arabian Mining Company (Ma'aden) in February 2025 for approximately $963 million, enabling portfolio optimization and sharper focus on core chemicals activities; the company introduced the MEGAMOLDING platform in August 2025 for large thermoplastic parts across industries and unveiled advanced material solutions at K 2025 trade show in October 2025. SABIC reported Q2 2025 revenue of SAR 35.6 billion with sales volumes up 3% quarter-on-quarter amid new product introductions totaling 135 in 2024.