Get near real-time access to futures pricing, major energy stocks, and related articles and insights.

Saudi Basic Industries Corp. (SABIC)

About

SABIC is a global leader in chemicals headquartered in Riyadh, Saudi Arabia. From making cars and planes more fuel-efficient, to helping conserve the world’s water supply and enabling colorful smartphone cases, the company said it finds solutions to the challenges of today to help its customers achieve their ambitions and build a better tomorrow.

SABIC supports its customers by identifying and developing opportunities in key end markets such as electrical and electronics, transportation, medical devices, construction, packaging, agri-nutrients and clean energy.

SABIC has more than 40,000 employees worldwide and operates in more than 50 countries. Fostering innovation and a spirit of ingenuity, the company has about 11,000 global patent filings, and have significant research resources with innovation hubs in five key geographies–the U.S., Europe, Middle East, North East Asia and South East Asia.

At SABIC, the company said it combines a rich track record of doing what others said couldn’t be done, with a deep understanding of its customers. But the company said its true impact is as a partner who can help customers achieve their ambitions by finding solutions to their challenges. SABIC calls this ‘Chemistry that Matters™’.

Headquarters Address

Riyadh
Saudi Arabia

Social

Transactions

Report Date Amount (MM) Description
2020-06-16 $69,100.00

Saudi Aramco Set To Buy $69 Billion Majority Stake In SABIC

Saudi Aramco Set To Buy $69 Billion Majority Stake In SABIC

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

Locked Data

Subscribe to Access

Instantly unlock over 15 years of A&D transactions and financing data.

News

BP Starts Construction of Texas Peacock Solar Project

BP’s 187 megawatt direct current Peacock Solar Project in Texas is part of the company’s plans to build 50 gigawatts of renewable energy capacity by 2030.

Exxon Mobil, SABIC Announce Mechanical Completion for Gulf Coast Growth Ventures Derivatives

Three units will produce fundamental chemicals used in medical, automotive and packaging products.

Saudi Aramco Completes $69 Billion SABIC Deal

Saudi Aramco has completed its purchase of a 70% stake in petrochemicals company SABIC for $69.1 billion and extended the payment period by three years to 2028, providing a cushion against weak oil prices.

Saudi Aramco Set To Buy $69 Billion Majority Stake In SABIC

The deal between Saudi Aramco and SABIC gives a cash boost to sovereign Public Investment Fund to fund Prince Mohammed bin Salman’s reform plans.