SABIC’s sales revenue for 2019 was SAR 139,737 million, a decrease of SAR 29,391 million or 17%, compared to SAR 169,128 million in 2018. This decrease was mainly attributable to sharply lower average sales prices by 20% which was partially offset by an increase in sales volume by 3%.
The sales revenue for Petrochemicals and Specialties SBUs amounted to SAR 121,829 million, which represents 87% of total SABIC revenues, had decreased by SAR 28,594 million or 19% compared to 2018. The sales revenues for Agri-nutrients SBU, amounted to SAR 7,118 million, had also decreased by SAR 820 million or 10% in 2019. The sales revenues of Hadeed, amounted to SAR 10,790 million, had increased by SAR 22 million or 0.2% compared to 2018.
SABIC’s sales volume for 2019 slightly increased by 3%. The sales volume of Petrochemicals and Specialties SBUs increased by 3%, whereas the sales volume of Agri-nutrients SBU and Hadeed decreased by 3% and 2% respectively.
2019 Sales by geography (%)
*Includes sales made by certain subsidiaries to their foreign shareholders and sales in other countries.
rest of Asia