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Last SR89.79 SAR
Change Today -0.04 / -0.04%
Volume 5.9M
As of 7:30 AM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).

saudi basic industries corp (SABIC) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/30/15 - SR110.50
52 Week Low
12/16/14 - SR70.25
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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saudi basic industries corp (SABIC) Details

Saudi Basic Industries Corporation manufactures and sells chemicals, plastics, fertilizers, and metals worldwide. Its chemicals include olefins comprising ethylene, propylene, butadiene, and butene-1 to manufacture various consumer products; oxygenates, such as methanol and methyl tertiary butyl ether; aromatics, including styrene monomer, benzene, paraxylene, pyrolysis gasoline, and purified terephthalic acid for the production of clothing, paints, and packaging; and chemical intermediates, such as caustic soda, ethylene dichloride, and vinyl chloride monomer to make various materials for textiles, soaps, polyvinyl chloride (PVC), and other plastics. The company’s chemicals also comprise fiber intermediates to manufacture antifreeze, detergents, paints, and polyesters; industrial gases, such as nitrogen, argon, crude krypton/xenon, and gaseous hydrogen for industrial processes; and linear alpha olefins that form components of comonomers, alcohols, lubricants, surfactants, and other intermediate chemicals. In addition, it offers performance chemicals, including base products, functional chemicals, and functional polymers; plastic products comprising PVC, PS, and polyesters for consumer, commercial, and industrial products; polystyrene; and polyolefins polyethylene and polypropylene for use in various materials, industrial food packaging, and waterproof films. Further, the company provides fertilizer products, which comprise prilled and granular urea, ammonia, and phosphates. Additionally, it offers metals, such as flat steel products, including hot rolled, cold rolled, hot dip galvanized, and pre painted coils; and long steel products comprising reinforcing bars, rebar-in-coils, wire rod coils, light sections, and steel billets. The company was founded in 1976 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

40,000 Employees
Last Reported Date: 02/26/15
Founded in 1976

saudi basic industries corp (SABIC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

saudi basic industries corp (SABIC) Key Developments

Saudi Basic Industries Seeks Acquisitions

Saudi Basic Industries Corporation (SASE:2010) (Sabic) is seeking acquisitions. Sabic will make “at least one acquisition” next year, according to its Chief Executive Officer. Yousef Al Benyan, acting vice chairman and Chief Executive Officer of Sabic, said on November 19, 2015 that Sabic was planning to announce the potential additions to its core market early in 2016. "I can tell you that [we are evaluating] between two to four companies in North America and China,” he said on the sidelines of the GPCA petrochemicals conference in Dubai, declining to expand on the types of companies being looked at. “All options are open as long as those potential targets fit with the strategy either in our core products – specifically technology – we are willing to go after it,” said Al Benyan.

Saudi Government Seeks Potential Privatization Of Three Companies

The government of Saudi Arabia is seeking the potential privatization of Saudi Electricity Company (SASE:5110), Saudi Telecom Company (SASE:7010) and Saudi Arabian Basic Industries Corporation (SASE:2010). The plans are being considered and are subject to the approval of King Salman.

Saudi Basic Industries Corp Announces Earnings Results for the Third Quarter and Nine Months Ended September 2015

Saudi Basic Industries Corp. announced earnings results for the third quarter and nine months ended September 2015. The company announced its net profit in the third quarter dropped 9.4% due to a decline in the price of its products. The company posted a net profit of SAR 5.6 billion ($1.49 billion) in the July to September period this year compared with SAR 6.18 billion in the same period of 2014. Third quarter sales were SAR 37.3 billion down from SAR 48.7 billion compared to the same period last year. Net profit for the company in the first nine months of the year also dropped 17.7%. Its net income in the three quarters of 2015 was SAR 15.7 billion compared to SAR 19.1 billion in the same period in 2014. The corporation announced that earnings per share during the first nine months of this year are SAR 5.24, compared to SAR 6.36.


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SABIC Competitors

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Company Last Change
BASF SE €77.81 EUR +1.09
EI du Pont de Nemours & Co $67.26 USD -0.16
LyondellBasell Industries NV $95.95 USD -0.37
Reliance Industries Ltd 967.70 INR 0.00
Dow Chemical Co/The $51.92 USD -1.46
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Industry Average

Valuation SABIC Industry Range
Price/Earnings 13.5x
Price/Sales 1.7x
Price/Book 1.7x
Price/Cash Flow 13.3x
TEV/Sales 0.5x

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