SABIC web site, latest news and contact details

Address:
PO Box 5101
Riyadh 11422
Kingdom of Saudi Arabia

Listing of all 66 news releases from SABIC:

SABIC keynote at FT China - Middle East Summit

Saudi Basic Industries Corporation (SABIC) Vice Chairman and CEO, Mohamed Al-Mady, gave the keynote speech at the Financial Times China-Middle East Summit, held in Riyadh on 5 May

News from SABIC ( 9 May 2008)

Sabic and Sinopec JV in ethylene derivatives

This 50:50 JV company will invest in a 1M tonne per year ethylene derivatives complex (600,000tonnes of polyethylene and 400,000tonnes of ethylene glycol) to be set up in Tianjin in China

News from SABIC ( 1 February 2008)

SABIC partners in OSOS petrochemicals project

A Memorandum of Understanding has been signed, by and between the Saudi Basic Industries Corporation (SABIC) and OSOS Petrochemicals (currently under formation)

News from SABIC (18 January 2008)

SABIC dividend and share issue proposed

SABIC board recommends increase in capital to SAR30billion (USD8billion) and distribution of dividends at SAR2 (USD0.5) per share for the 2nd half of 2007

News from SABIC ( 4 January 2008)

Sabic Chairman opens two new offices in China

His Highness Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of Sabic (Saudi Basic Industries Corporation), has officially opened two new offices for Sabic in China; in Beijing and Shenzhen

News from SABIC (25 May 2007)

SABIC to acquire GE Plastics for USD11.6Bn

Saudi Basic Industries Corporation (SABIC) has announced that they have reached agreement with GE for SABIC to acquire the GE Plastics business for a purchase price of USD11.6 billion

News from SABIC (22 May 2007)

Pelletisation project from Outokumpu for Hadeed

Outokumpu Technology is to supply the Saudi Iron and Steel Company basic engineering services for pelletising iron bearing by-products in Hadeed plant at the Al-Jubail Industrial City

News from SABIC ( 7 May 2007)

Gas supply investment and expansion

Sabic affiliate, the National Industrial Gases Company, has signed a new USD400 million Murabaha loan facility with eight local and Gulf banks to finance part of its existing expansion project

News from SABIC (26 April 2007)

Moody rates Sabic A1 and stable for long term

Moody's has assigned a long term foreign and local currency rating 'A1' with a stable outlook to SABIC, citing their worldwide leading market position in petrochemicals, fertilisers and steel products

News from SABIC ( 6 April 2007)

New phosphate minerals production project in Saudi

Ma'aden and SABIC have entered an agreement opening the way for the two companies to create a strategic joint venture and join a Saudi phosphate minerals project

News from SABIC (15 March 2007)

New petrochemical projects for Saudi Kayan

Saudi Kayan awards two contracts, to Tecnicas Reunidas and Daelim Industrial for the construction of phenolics and polycarbonates projects at the Jubail Industrial City

News from SABIC (15 February 2007)

Contracts signed for new PP and LDPE plants

SABIC affiliate Saudi Kayan has signed contracts for the construction of new Polypropylene and Low Density Polyethylene plants at its complex in the Al-Jubail Industrial City

News from SABIC ( 1 February 2007)

SABIC announces USD 5.4 Billion profit in 2006

Saudi Basic Industries Corporation (SABIC) reported a record 2006 net profit of SR 20.3 billion (US$5.4 billion) compared to SR 19.2 billion in 2005, an increase of 6%

News from SABIC (23 January 2007)

Completion on base chemicals and polymers business

SABIC has completed the purchase of the Huntsman UK base chemicals and polymers business on 29 December 2006

News from SABIC ( 3 January 2007)

SABIC recommends end of year dividend

SABIC board of directors will recommend to their General Assembly a distribution of dividends (at US$0.70 per share) for the second half of the year

News from SABIC ( 1 January 2007)

SABIC buys Huntsman base chemicals/polymers in EU

SABIC has reached agreement on the US$700 million acquisition of the Huntsman European base chemicals and polymers business

News from SABIC (29 September 2006)

Sabic and ExxonMobil settle their disputes

Saudi Basic Industries Corporation has reached a full and final settlement of its disputes with ExxonMobil arising from technology and a patent that can be used in the production of polyethylene

News from SABIC (28 September 2006)

New European head office opened

The head office of Sabic Europe has been opened by His Highness Prince Saud bin Abdullah Ibn Thunayan Al-Saud (Chairman of Sabic) and Joop Wijn (Minister of Economic Affairs of The Netherlands)

News from SABIC ( 7 September 2006)

SABIC US$2.3 Billion profit in first half 2006

The total profits generated by SABIC in the first half of 2006 amount to SR 8.8 billion (US$2.3 billion) compared to SR 9.8 billion (US$2.6 billion) in the same period last year

News from SABIC (24 July 2006)

Korean contract for Al-Jubail polypropylene plant

Sabic affiliate Ibn Zahr signs LOI with Daelim Industrial for engineering, procurement and construction management services of utilities and off-site facilities for the Polypropylene 3 Project