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Home > Reports > Integrated Annual Report 2024 > Strategic Approach

Strategic Approach

As Saudi Arabia's chemicals champion and a global chemicals leader, SABIC is using its scale, innovation, and partnerships to drive growth, sustainability, and long-term value creation in a rapidly changing global chemical industry.

STRATEGY

SABIC's strategy responds to transformative shifts in the chemical industry and aligns with the goals of Saudi Vision 2030.

STRATEGIC BUSINESS UNITS AND SEGMENTS

Following our ongoing transformation journey, our structure is now built around three Strategic Business Units – Chemicals, Polymers, and Agri-Nutrients.

MATERIALITY

Materiality analyses guide us in prioritizing resource allocation toward the most significant issues for SABIC and its stakeholders.

STAKEHOLDER ENGAGEMENT

Our stakeholder engagement approach prioritizes feedback, aligns interests, fosters collaboration, and creates value by addressing expectations, priorities, and potential impacts.

RISKS AND OPPORTUNITIES

Our risk management processes enable us to identify potential threats and capitalize on opportunities to achieve our strategic objectives.

_{Disclaimer: This abridged interactive version of the SABIC Integrated Annual Report 2024 is based on the original PDF report published on this website. In case of any discrepancy, the original PDF report will prevail.}