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16-5-2022
SABIC introduced LNP™ ELCRIN™ WF0061BiQ resin, a novel material that uses ocean-bound polyethylene terephthalate (PET) bottles as a feed stream for chemical upcycling into polybutylene terephthalate (PBT) resin. Ocean-bound plastic is mismanaged waste that originates within 30 miles (50 km) of the coast and is likely to end up in the ocean.
Read More12-5-2022
SABIC today reported its earnings for the first quarter of 2022. The company’s revenue for the first quarter reached SAR 52.64 billion ($ 14.04 billion), representing an increase of 3% compared to the previous quarter and a 40% increase year-on-year.
Read MoreYou can see overview information about SABIC in our media pack
SABIC is headquartered in Riyadh, Saudi Arabia.
SABIC was incorporated pursuant to Royal Decree No. M 66 dated 13/9/1396H (corresponding to September 6, 1976) and was registered as a Saudi joint stock corporation under commercial registration No. 10813 on 14/1/139.
Yes, SABIC is a public company listed on the Tadawul Stock Exchange – TASI – of Riyadh, Saudi Arabia. Saudi Aramco owns 70% of the company’s shares, and private investors in Saudi Arabia, the GCC countries , the Qualified Foreign Investor (QFI) and the authorized persons to enter into Swap agreements hold the rest.
The fiscal year end is 31st of December
You can find financial information here.
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