Financial performance
Net profits in 2005 touched SR 19.2 billion (US$5.1 billion), a 35% increase over the previous year’s figure.
Revenues rose to SR 78 billion (US$20.7 billion), a 14% increase on the previous year.
Average profit growth over the past five years was 58% and the average sales growth was 25%.
Total assets stood at SR 137 billion (US$36.5 billion) at the end of 2005, an increase of 10% over the previous year’s figure. This is an increase of 54% compared with five years ago.
The value of current assets at the end of 2005 stood at SR 56 billion (US$14.9 billion).
Shareholders’ equity rose to SR 62 billion (US$16.5 billion), a 22% increase over the figure for 2004.
SABIC is now the ninth-largest petrochemical company in the world.
For more information on SABIC’s performance in 2005 please download our annual report from the Publications page of this website.