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  • Saudi Basic Industries Corporation


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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.

    Saudi Arabia's New Gusher

  • 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.

    Purchasing - Top Stories

  • 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.

    The Daily Star > News Feed

  • Saudi Basic Industries Corporation — $1 billion bond issue was priced for SABIC, one of the banks running the sale said Tuesday.

    New Securities Issues

  • 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).

    Energy profile of Saudi Arabia

  • SABIC is the market's titan, accounting for nearly a fourth of the country's market value.

    Saudi Arabia's New Gusher

  • 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.

    Saudi Arabia's New Gusher

  • SABIC Dominates The most highly traded stocks are in the energy, financial and telecom sectors.

    Saudi Arabia's New Gusher

  • SABIC was originally set up to operate the hydrocarbon and mineral-based industry in the Kingdom of Saudi Arabia.

    Saudi Takeover of GE Plastics Flies Under Radar

  • And it is doing business in such lucrative and specialized areas which SABIC opines.

    Saudi Takeover of GE Plastics Flies Under Radar


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