SABIC

SABIC

Trade name	SABIC
Native name	الشركة السعودية للصناعات الأساسية (سابك)
Company type	Public
Traded as	Tadawul: 2010
ISIN	SA0007879121
Industry	Chemicals
Founded	September 1976; 47 years ago (1976-09)
Headquarters	Riyadh , Saudi Arabia
Key people	Khalid Hashim Al-Dabbagh (Chairman) Abdulrahman Al-Fageeh (CEO)
Products	Chemicals and intermediates, industrial polymers, fertilizers and metals
Revenue	US$52.92 billion[1] (2022)
Operating income	US$6.37 billion[1] (2022)
Net income	US$4.41 billion[1] (2022)
Total assets	US$83.49 billion[1] (2022)
Total equity	US$49.61 billion[1] (2022)
Owner	Saudi Aramco (70%)
Number of employees	32,721 (2019)
Website	www.sabic.com

Saudi Basic Industries Corporation (Arabic: الشركة السعودية للصناعات الأساسية), known as SABIC (Arabic: سابك), is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco.^[2][3] It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals.^[4] It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.

In 2017, SABIC was ranked fourth in the world among chemical companies by Fortune Global 500.^[5] By the end of 2018 SABIC was the world's 281st-largest corporation.^[6] In 2014, the company had sales revenues of $50.4 billion, profits of $6.7 billion and assets standing at $90.4 billion.^[7] It also has been recognized as the world's second most valuable brand in the chemicals industry by Brand Finance in 2021.^[8]