SABIC

SABIC
SABIC
Native name
الشركة السعودية للصناعات الأساسية (سابك)
Company typePublic
Tadawul: 2010
ISINSA0007879121 
IndustryChemicals
FoundedSeptember 1976 (1976-09)
Headquarters,
Key people
  • Khalid Hashim Al-Dabbagh (Chairman)
  • Abdulrahman Al-Fageeh (CEO)
ProductsChemicals and intermediates, industrial polymers and fertilizers
Revenue US$52.92 billion (2022)
US$6.37 billion (2022)
US$4.41 billion (2022)
Total assets US$83.49 billion (2022)
Total equity US$49.61 billion (2022)
OwnerSaudi Aramco (70%)
Number of employees
32,721 (2019)
Websitewww.sabic.com

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. It is active in petrochemicals, chemicals, industrial polymers and fertilizers. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.

In 2017, SABIC was ranked fourth in the world among chemical companies by Fortune Global 500. By the end of 2018 SABIC was the world's 281st-largest corporation. In 2014, the company had sales revenues of $50.4 billion, profits of $6.7 billion and assets standing at $90.4 billion. It also has been recognized as the world's second most valuable brand in the chemicals industry by Brand Finance in 2021.