Saudi Basic Industries Corporation

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Recent Articles

• SABIC still eyeing Algeria18 July 2007

  The Saudi chemical company still hopes to invest in Algeria after losing $3 billion chemical complex deal.

• Sabic issues second sukuk12 July 2007

  The $1.3bn sukuk will help fund expansion, part of plans to raise output to 80 million tonnes a year by 2012.

• SABIC unit gets $855mn expansion loan3 July 2007

  Saudi European has secured a murabaha deal to fund its Al-Jubail expansion.

• Honeywell seals US$2.9bn tech deal2 June 2007

  SaudI European Petrochemical (Ibn Zahr) has awarded Honeywell a US$2.9m contract to provide process automation technology for its newest polypropylene plant, the two companies announced last week.

• SABIC plans $2.2bn bond sale2 June 2007

  The Saudi giant will sell bonds in Europe and the US to part-fund its $11.6bn purchase of GE Plastics.

• Honeywell wins $2.9m Sabic deal29 May 2007

  The US manufacturer will provide technology to a subsidiary of the Saudi petrochemicals giant.

• Sabic buys GE Plastics for $11.6bn21 May 2007

  The Saudi petrochemicals giant has announced one of the Gulf's largest-ever deals.

• Sabic's GAS receives US$400mn loan22 April 2007

  The funds are set to help the National Industrial Gases company finance its expansion projects.

• Sabic profits surge21 April 2007

  Saudi Arabian petrochemical giant Sabic has reported a huge 50% surge in Q1 2007 profit to US$1.68bn.

• Revealed: Gulf's most admired companies14 April 2007

  Arabian Business has published its '50 Most Admired' list of regional companies.

• Saudi Kayan IPO could damage market12 April 2007

  Tadawul 'won't be able to absorb' $1.8bn listing, say experts.

• SABIC seeks deals with Saudi Aramco11 April 2007

  Saudi Basic Industries Corp. aims to develop chemical projects with state-owned Saudi Aramco.

• Saudi Aramco breaks into Chinese market2 April 2007

  Joint ventures worth $5 billion signed by Aramco, ExxonMobil and Chinese state oil company Sinopec.

• Gulf firms omitted from Forbes list2 April 2007

  Only four GCC companies rank on a list of the world's 2000 largest public companies.

• SABIC to bid US$12bn for GE plastics division31 March 2007

  Saudi Basic Industries Corp. (SABIC), the leading global chemical company in market value terms, is looking into a bid worth US$12bn for the plastics division of General Electric (GE).

• SABIC plans $12bn bid for GE plastics27 March 2007

  Saudi Arabia's petrochemicals giant is reportedly preparing a bid for General Electric's plastics unit.

• SABIC stalled again on $5.2bn plant9 March 2007

  SABIC and Chinese partner Shide may have to wait a year for approval on a $5.2bn petrochemical facility.

• Sabic seeks funding23 December 2006

  Saudi Basic Industries (Sabic) plans to borrow US $6 billion next year to help finance the construction of the Kayan chemical complex