SABIC was established in 1976 to add value to Saudi Arabia's natural
hydrocarbon resources. Today, SABIC is among the leading petrochemical
companies in terms of sales and product diversity. Headquartered in Riyadh, we
are also one of the Middle East's largest non-oil industrial companies.
SABIC's businesses are grouped into six strategic business units, supported
by corporate departments and a Shared Services organization. The SBU's are
Basic Chemicals; Intermediates; Polyolefin's; PVC and Polyester;
Fertilizers and Metals. SABIC's manufacturing network in Saudi Arabia
consists of 18 affiliates. Most of these are based in the Al-Jubail Industrial
City on the Arabian Gulf. Three are located in Yanbu Industrial City on the Red
Sea and one in eastern province city of Dammam. SABIC is also partners in three
regional ventures based in Bahrain.
The vision that led to the creation of SABIC was closely associated with the
aspirations of Saudi Arabia as a developing nation. SABIC continues to play an
important role in achieving some of those aspirations, including the
development of the country's human resources. We are also committed to
Saudi social and cultural values and international business and environmental
SABIC is owned by the Saudi Government (70%) and the private sector (30%).
Private sector shareholders are from Saudi Arabia and other countries of the
six-nation Gulf Cooperation Council (GCC)