SABIC (Saudi Basic Industries Corporation) (Arabic: الشركة السعودية للصناعات الأساسية ، سابك ) is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest public company in Saudi Arabia as listed in Tadawul, but the Saudi government still owns 70% of its shares. Private sector shareholders are from Saudi Arabia and other countries of the six-nation Gulf Cooperation Council (GCC). SABIC is the largest company in the Middle East.
SABIC is currently the second largest global ethylene glycol producer and is expected to become number one after the introduction of these new projects. SABIC is the third largest polyethylene manufacturer, the fourth largest polyolefins manufacturer and the fourth largest polypropylene manufacturer. SABIC is also the world’s largest producer of mono-ethylene glycol, MTBE, granular urea, polyphenylene and polyether imide.
In 2008, SABIC was ranked the no. 4 in the world by Fortune Global 500. By 2009, SABIC also improved its position to become the world’s 186th largest corporation One year later, in 2010, SABIC has grown to be the 2nd largest Diversified Chemical Company, 1st when measured only by Market and Asset Value. Measured over all branches, it's now the world 95th largest corporation, on the Forbes Global 2000 ranking with revenues of $40.5 billion, profits of $5.7 billion and assets standing at $84.3 billion
The company is based in Riyadh and has interests in 17 affiliated companies which range from full ownership to significant partial participation.
Read more about SABIC: History, Operations, Production and Major Expansions, Fiscal Performance, Subsidiaries, Products