Saudi Basic Industries Corporation (SABIC)
Pronunciation key
SABIC: SAH – bic
Al-Mady: al-MAH-dee
At a glance source: SABIC
Founded in 1976
CEO Mohamed Al-Mady
17 Affiliated Companies (JVs)
$80B Market Capitalization
Publicly traded on Saudi Stock Exchange under “SABIC” ticker
Financials 2006 source: SABIC
Revenue: $23B, +10%
Net Income: $5.4B, +6%
Current Assets: $19.7B, +31%
Industry Position source: SABIC
11th largest Petrochemical Producer
3rd largest Polyethylene Producer
6th largest Polypropylene Producer
Business Units/Products
Basic Chemicals: largest business unit, 40% of total production
Intermediates: fiber intermediates, industrial gases, chemical intermediates, linear alpha olefins
Specialty Chemicals: automotive, catalyst, oilfield, rubber chemicals, specialty polymers & additives
Polymers: polyolefins (polyethylene, polypropylene), PVC, polyester
Metals: steel, flat steel, aluminum
Fertilizers: urea, phosphates
2006 & 2007 Awards/Accolades
Fortune Magazine: Global Most Admired List (2006)
Platts: “Petrochemicals Company of the Year” (2006)
Arabian Business Magazine: Best Manufacturing Company in the ME (2005)
U.S. Chemical Industry Safety Award (2006)
Standard & Poor’s / Fitch “A” corporate credit rating (2006)
Locations & Operations
Headquarters in Riyadh, Saudi Arabia with operations in approximately 30 countries around the world.
With 20-year history operating in U.S., SABIC has more than 200 employees in its regional headquarters in Houston, TX. Houston is home to one of the major overseas research centers – the SABIC Technology Center at Houston, which was established in 1997 and covers more than 38,000 square feet.
In Europe, SABIC employs around 3,300 people, with three petrochemical manufacturing sites at Geleen (the Netherlands), Teeside (United Kingdom) and at Gelsenkirchen (Germany).
In addition to Houston, the company has significant research resources and has dedicated R&D centers in Riyadh, Geleen in the Netherlands and Vadodara in India.
Recent Acquisitions
DSM’s petrochemicals division in Europe (2002)
Scientific Design, to license & develop process technologies (2003)
Huntsman petrochemicals operations in UK (2006)
CEO Mohamed Al-Mady Bio
Mohamed Al-Mady, Vice-Chairman and Chief Executive Officer
Before his appointment as Vice-Chairman and CEO in 1998, Mohamed Al-Mady was SABIC's Director General for Projects.
Mr. Al-Mady is also Chairman of the Saudi Arabian Fertilizer Company (SAFCO), as well as being a member of the SABIC Research and Technology Executive Committee and SABIC Europe BV’s Executive Board. He sits on the board of Aluminum Bahrain (ALBA) and on the US-Saudi Business Council, and heads the Saudi side of the Saudi-Taiwanese Joint Committee for Economic and Technical Cooperation.
Mr. Al-Mady is a chemical engineer who joined SABIC at its inception in 1976. He earned his BS at the University of Colorado in 1973 and his MS in chemical engineering from the University of Wyoming in 1975.
Reader enquiries
| Innovative Plastics | | Polymers |
| 1 Plastics Avenue | | Europaboulevard 1 |
| Pittsfield, Mass. | | 6135 LD Sittard |
United States
| | Netherlands
|
| Tel: +1 413 448 7383 | | Tel: +31 (0)46 722 2399 |
| Email: jodi.kennedy@sabic-ip.com | | Fax: +31 (0)10 264 4823 |
| Web: www.sabic-ip.com | | Email: rachel.kundra@sabic-europe.com |
| | Web: www.sabic.com |
Netherlands
+31 46 722 2222
www.sabic.com
