Latest News

21-7-2010

SABIC announces consolidated financial results for the 2Q and six months ended June 30, 2010

Saudi Basic Industries Corporation (SABIC) has announced the financial results for the quarter and six months ended June 30, 2010: The net income for the quarter ended June 30, 2010 was SR 5.02 billion compared to the net income of SR 1.81 ... Read more

18-7-2010

SABIC seals RMB 6 billion worth of new Chinese contracts

Shanghai, China 18 July 2010 - Saudi Basic Industries Corporation (SABIC) today announced the signing of a Memorandum of Understanding (MOU) agreement, worth RMB 6 billion in contractual amount to supply 600,000 tons of polymers products to ... Read more

26-4-2010

SABIC shows production and technical strength at CHINAPLAS 2010

Saudi Basic Industries Corporation (SABIC) has taken one the largest exhibition spaces this year at the CHINAPLAS 2010 Exhibition to be held at Shanghai’s New International Expo Center from April 19 through April 22.Officially designated as ... Read more

26-4-2010

SABIC participates at the 2010 Boao Forum for Asia

SABIC has again played a prominent role this year at what is fast becoming Asia’s leading platform for dialog—Boao Forum for Asia (BFA) Annual Conference 2010. The annual conference held at Boao, Hainan Province, brought global thought lead ... Read more

2-2-2010

SABIC confirms Diamond Sponsorship for Boao Forum for the Second Year, Demonstrating Confidence and Commitment to China Market

Saudi Basic Industries Corporation (SABIC) announced today that it has confirmed its diamond sponsorship for the Boao Forum for Asia (BFA) that is scheduled to take place between April 9th and 11th, 2010 in the scenic seaside town of Boao, ... Read more

18-1-2010

SABIC signs financing agreements worth RMB 18.26 billion (US $2.68 billion) to finance its joint-venture petrochemical complex in China

Saudi Basic Industries Corporation (SABIC) announced today the signing in Beijing of financing agreements by its affiliate SINOPEC SABIC Tianjin Petrochemical Co. Ltd, totalling RMB 18.26 billion (US $2.68 billion), including RMB 12.26 ... Read more

4-11-2009

SABIC and SINOPEC Inaugurate 3.2 Million-Ton Petrochemical Complex at Tianjin, China

Saudi Basic Industries Corporation (SABIC) and China Petroleum & Chemical Corporation (SINOPEC) announced today the inauguration of their new petrochemical complex at Tianjin, China. The two companies formed SINOPEC SABIC Tianjin Petroc ... Read more

3-11-2009

SABIC and Sinopec Celebrate 3.2 Million-Ton Petrochemical Complex at Tianjin, China

Saudi Basic Industries Corporation (SABIC) and China Petroleum & Chemical Corporation (Sinopec) today celebrated partnership in their new petrochemical complex at Tianjin, China. The two companies formed SINOPEC SABIC Tianjin Petrochemi ... Read more

18-10-2009

SABIC REPORTS PRELIMINARY CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2009 (NINE MONTHS)

The Saudi Basic Industries Corporation (SABIC) reports preliminary consolidated financial results for the period ended September 30, 2009. 1. The net income for the third quarter 2009 was SR 3.6 billion, compared to net income of SR 7.2 bi ... Read more

10-8-2009

SABIC and Mitsubishi Rayon sign LoI for joint venture in KSA

Saudi Basic Industries Corporation (SABIC) and Mitsubishi Rayon Company Ltd (MRC) signed a Letter of Intent (LoI) on August 10, 2009, to establish a 50/50 joint venture in the Kingdom of Saudi Arabia. The LoI was signed on behalf of SABIC b ... Read more

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