Saudi Basic Industries Corporation Sabic

Sabic s utmost concern has focused on protecting people s health and welfare supplying our customers in the best possible way supporting humanitarian efforts and proactively collaborating with global communities governments and health authorities to maximize our collective impact.

Saudi basic industries corporation sabic. Sabic saudi basic industries corporation is a saudi multinational chemical manufacturing company which is a subsidiary of saudi aramco. Place and city of the general assembly the assembly meeting was held remotely through modern technology in the context of supporting the preventive and precautionary efforts conducted by relevant authorities to address the new. Saudi basic industries corporation sabic announces the completion of saudi aramco acquisition of public investment fund pif stake in sabic. Po box 5101 riyadh 11422 saudi arabia.

Riyadh dubai reuters the world s largest oil producer saudi aramco has agreed to buy a 70 percent stake in saudi basic industries corp sabic from the kingdom s wealth fund for 69 1 billion. The parties signed the final agreement on tuesday 24 shawwal 1441 corresponding to june 16 2020. Following its acquisition of the petrochemicals division of the netherlands dsm which also represented the company s first expansion beyond its saudi arabia base sabic became the 11th largest petrochemicals company worldwide. Through its main subsidiaries.

Saudi aramco becomes a major shareholder in sabic with ownership of 70 of capital. Get in touch with us. 966 011 225 9000. Manufacture of petrochemicals including ethylene ethylene dichloride caustic soda styrene monomer and methyl tertiary butyl ether.

Send us a message. 966 011 225 8000. Saudi basic industries corporation sabic announces the results of the extraordinary general meeting first meeting. Manufacture of plastic and rubber products methanol basic and intermediate chemicals including oxygen hydrogen nitrogen argon krypton and xenon.

Fertilizers including urea ammonia diethylhexanol. About saudi basic industries corporation last updated on. The company produces methanol ethylene propylene benzene toluene xylene industrial gases thermoplastic resins.