Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- initialism Saudi Basic Industries Corporation
Etymologies
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Examples
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One, which tracks a group of the country's most highly traded stocks, such as SABIC, Saudi Telecom, and Al Rajhi Bank, attracted $550 million from international investors when it debuted at the end of last year.
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One, which tracks a group of the country's most highly traded stocks, such as SABIC, Saudi Telecom, and Al Rajhi Bank, attracted $550 million from international investors when it debuted at the end of last year.
Investors try to tap volatile Saudi Arabia stock market 2008
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Major players such as SABIC and Saudi-Aramco are growing both organically (there's a LOT of construction here) and through joint ventures or acquisitions with U.S. and European firms.
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Petrochemicals and plastics produced by firms such as SABIC and Sipchem account for around 54 percent of the overall value of the kingdom's non-oil exports.
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Saudi Basic Industries Corporation — $1 billion bond issue was priced for SABIC, one of the banks running the sale said Tuesday.
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SABIC is the market's titan, accounting for nearly a fourth of the country's market value.
Investors try to tap volatile Saudi Arabia stock market 2008
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SABIC is the market's titan, accounting for nearly a fourth of the country's market value.
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The $100 million fund invests in the country indirectly through regional managers and holds shares like Saudi Basic Industries Corp., or SABIC, one of the world's largest petrochemical companies.
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Large parastatal corporations still dominate the Saudi economy, including Saudi Aramco (which has a monopoly on Saudi upstream oil development and controls 98 percent of the country's oil reserves) and the Saudi Basic Industries Corporation (SABIC; now the world's 7th largest petrochemical producer and the largest non-oil company in the Middle East).
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The $100 million fund invests in the country indirectly through regional managers and holds shares like Saudi Basic Industries Corp., or SABIC, one of the world's largest petrochemical companies.
Investors try to tap volatile Saudi Arabia stock market 2008
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