Sunday, 23 November 2008 | 19:26 UAE time
COMPANIES
Saudi Basic Industries Corporation
- 43.00 Last
- -1.60 (-3.59%) Today's Change
- 25.27m Volume
- 44.60-181.65 52 Week Range
- -95.95 (-69.05%) 52 Week Change
COMPANY DESCRIPTION
The surging cost of crude oil has helped Saudi Basic Industries Corporation cement its position as the biggest publicly traded company in the region. Formed over three decades ago to turn the waste gases that were once burned off at the wellhead into valuable petrochemicals, the company better known as Sabic has extended its global reach with operations across Europe, North America and Asia.The world's largest chemical maker by market cap is now eyeing the massive plastic-consuming market of China for the next chapter in its phenomenal growth story.
Under the stewardship of CEO Mohammed Hamad Al Mady, Sabic has added high-value plastics to basic chemical commodities and plans to tap surging demand for plastics in China as the US market slows down.
Sabic, which is 70% government-owned, bought the GE plastics unit last year in the largest-ever purchase by a company based in the Gulf.
The Sabic empire grew from manufacturing ethylene and other petrochemicals from ethane which it buys from state-owned oil company Saudi Aramco. Most of its rivals outside the region use naphtha, a more expensive feedstock that is linked to the price of crude oil.
The surging price of oil has benefited Sabic while hurting its rivals in Europe, North America and Asia that rely on more expensive feedstocks.
KEY INFORMATION
Industry
Plastic and PVC, Fabricated Metals Products, Refining and Petrochemicals
Address
SABIC Building, 5101, Riyadh, Saudi Arabia
T
966 1 2258000
F
966 1 2259000
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 23 Nov 1976 | - |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| Government of Saudi Arabia | Saudi Arabia |
| Public Pension Agency | Saudi Arabia |
PORTFOLIO
| Name | Country |
|---|---|
| Al Jubail Fertilizer Company | Saudi Arabia |
| Al Jubail Petrochemical Company | Saudi Arabia |
| Aluminium Bahrain | Bahrain |
| Arabian Industrial Fibers Company | Saudi Arabia |
| Arabian Petrochemical Company | Saudi Arabia |
| Eastern Petrochemical Company | Saudi Arabia |
| Gulf Aluminium Rolling Mill Company | Bahrain |
| Gulf Petrochemical Industries Company | Bahrain |
| Jubail United Petrochemical Company | Saudi Arabia |
| Maaden Phosphate Company | Saudi Arabia |
| National Chemical Carriers | Saudi Arabia |
| National Chemical Fertilizer Company | Saudi Arabia |
| National Industrial Gases Company | Saudi Arabia |
| National Methanol Company | Saudi Arabia |
| Newco | Mauritania |
| Power and Water Utility Company for Jubail & Yanbu | Saudi Arabia |
| SABIC Americas | USA |
| SABIC Asia Pacific | Philippines |
| SABIC Asia Pacific | Singapore |
| SABIC Belgium | Netherlands |
| SABIC Central Europe | Czech Republic |
| SABIC | China |
| SABIC Deutschland | Germany |
| SABIC Europe | Netherlands |
| SABIC | France |
| SABIC | Hong Kong |
| SABIC | India |
| SABIC Industries Investments Company | Saudi Arabia |
| SABIC Innovative Plastics | USA |
| SABIC Italia | Italy |
| SABIC | Japan |
| SABIC Korea | South Korea |
| SABIC | Luxembourg |
| SABIC Marketing Iberica | Spain |
| SABIC Nordic | Denmark |
| SABIC Petrochemicals Holding | USA |
| SABIC | Poland |
| SABIC Research & Technology | India |
| SABIC Sukuk Company | Saudi Arabia |
| SABIC Technology Center | USA |
| SABIC | Turkey |
| SABIC | UAE |
| SABIC | UK |
| SABIC UK Petrochemicals | UK |
| Saudi Arabia Petrochemical Company | Saudi Arabia |
| Saudi Arabian Fertilizer Company | Saudi Arabia |
| Saudi European Petrochemical Company | Saudi Arabia |
| Saudi Innovative Plastics Bergen Op Zoom | Netherlands |
| Saudi Innovative Plastics | Brazil |
| Saudi Innovative Plastics | Canada |
| Saudi Innovative Plastics Enkuizen | Netherlands |
| Saudi Innovative Plastics Indiana | USA |
| Saudi Innovative Plastics | Japan |
| Saudi Innovative Plastics Korea | North Korea |
| Saudi Innovative Plastics Louisiana | USA |
| Saudi Innovative Plastics | Netherlands |
| Saudi Innovative Plastics | Singapore |
| Saudi Innovative Plastics | Spain |
| Saudi Iron & Steel Company | Saudi Arabia |
| Saudi Kayan Petrochemical Company | Saudi Arabia |
| Saudi Methanol Company | Saudi Arabia |
| Saudi Yanbu Petrochemical Company | Saudi Arabia |
| Yanbu National Petrochemicals Company | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position | |
|---|---|---|
| HH Prince Saud bin Abdallah bin Thanyan Al Saud | Chairman | |
| Mohammed Hamad Al Mady | Vice Chairman | |
| Ahmad I. Al Hakami | Director | |
| Abdullah bin Mohammed Ibrahim Al Issa | Director | |
| Mohammed S. Abanumay | Director | |
| Abdulmuhsin bin Abdulaziz Al Faris | Director | |
| Saleh E. Al Husseini | Director | |
| MANAGEMENT | Position | |
| Mohammed Hamad Al Mady | Chief Executive Officer | |
| Mutlaq bin Hamad Al Morayshed | Vice President - Corporate Finance | |
| Homood Abdullah Al Tuwaijri | Vice President - Petrochemical Coordination | |
| Mosaed Suleiman Al Ohali | Vice President - Fertilizers | |
| Abdulsalam Al Mazro Al Mazro | Vice President - Polymers | |
| Abdulrahman Al Ubaid | Vice President - Polyolefins | |
| Khaled Al Mana | Vice President - Intermediate Chemicals | |
| Yousef Al Zamel | Vice President - Basic Chemicals | |
| Mohammed Saleh Al Jabr | Vice President - Metals | |
| Mohammed Al Bathi | Vice President - Corporate Human Resources & Corporate Communications | |
| Mansour Al Kharboush | Vice President - Shared Services | |
| Fahad Al Sheaibi | Vice President - PVC & Polyester | |
| Ali Al Khuraimi | Vice President - Research & Technology | |
| Ibrahim Al Shuweir | Vice President - Legal & Audit | |
| Abdulaziz Abdullah | General Manager - Work Force & Development | |
| Mustafa Al Sahan | General Manager - Polypropylene Marketing | |
| Mohammed Al Motawa | General Manager - Public Relation | Communication & Coordination |
| Abdulrahman A. Al Sheikh | General Manager - Total Quality Management | |
| Othman Al Humaidi | General Manager - Corporate Communications | |
| Hisham Al Joher | General Manager - Media Relations | |
| Suleiman Al Suhail | General Manager - Human Resources | |
| Abdullah Al Sadahan | Head of Legal Department |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Head of Consumer Lending, Qatar, Qatar
- Finance Manager, UAE, UAE
- Financial Controller, Dubai, UAE
- Senior Accountant, Dubai, UAE
- Senior Equity Trader, Abu Dhabi, UAE
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