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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

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Company Transactions

Date: 6/18/2020
Type: Acquisition

REGIONS:
  • International
  • Date: 1/25/2018
    Type: Acquisition

    NOTES:
    SABIC has acquired 83 million shares of Clariant, boosting their holdings by 24.9%.
    REGIONS:
  • Worldwide
  • Date: 8/16/2017
    Type: Acquisition

    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