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Saudi Basic Industries Corp. (SABIC)

Company Summary

Description

SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.

Operational Regions

  • Worldwide

Related Entities

Recent news

  • 9/27/2023 - BP Begins Construction... (subscriber access)
  • 1/21/2022 - Exxon & SABIC Commence... (subscriber access)
  • 9/20/2021 - SABIC & Exxon Nearing... (subscriber access)
  • 7/26/2021 - Exxon & SABIC Complete... (subscriber access)
  • 6/18/2020 - Saudi Aramco Completes... (subscriber access)

Company Transactions

Date: 6/18/2020
Type: Acquisition

BUYERS:
  • Saudi Arabian Oil Co. (Saudi Aramco)
    • SELLERS:
  • Saudi Basic Industries Corp. (SABIC)
    • DETAILS:

    COST: 69.1 $B

    REGIONS:
  • International

    • Date: 1/25/2018
    Type: Acquisition

    BUYERS:
  • Saudi Basic Industries Corp. (SABIC)
    • SELLERS:
  • Clariant AG
  • 40 North
  • Corvex Management LP
    • DETAILS:
    NOTES:
    SABIC has acquired 83 million shares of Clariant, boosting their holdings by 24.9%.
    REGIONS:
  • Worldwide

    • Date: 8/16/2017
    Type: Acquisition

    BUYERS:
  • Saudi Basic Industries Corp. (SABIC)
    • SELLERS:
  • Shell plc.
    • ASSETS:
  • SADAF Chemical Assets
    • DETAILS:

    COST: 820 $MM

    VOLUMES: 4 mtpa

    NOTES:
    Shell and SABIC have signed an agreement whereby SABIC will acquire Shell’s 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. The SADAF joint venture encompasses six world-scale petrochemical plants with a total output of more than 4 million metric tons per year. This announcement marks an early termination of the joint venture agreement which was due to expire in 2020.
    REGIONS:
  • Middle East