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Last SR95.44 SAR
Change Today +0.35 / 0.37%
Volume 6.7M
SABIC On Other Exchanges
Saudi Arabia
As of 9:30 AM 07/1/15 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
09/21/14 - SR136.50
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 Corporation Launches LEXAN XHR Light Sheet Series for Aircraft Interiors

Saudi Basic Industries Corporation announced an important expansion of its LEXAN XHR sheet portfolio for aircraft interiors at the Aircraft Interiors Expo with the introduction of its new lightweight LEXAN XHR LIGHT sheet, including two grades, XHRL300 and XHRL200. These new offerings open further opportunities for design flexibility and weight savings, two things that are top of mind for aircraft OEMs and their tier suppliers. The new sheets comply with industry heat release, flame and smoke regulatory requirements as well as OEM toxicity standards, and are available in custom colors and textures, with excellent thermoforming characteristics that help designers achieve more distinctive interior components.

Saudi Basic Industries Corp Reports Earnings Results for the First Quarter Ended March 31, 2015

Saudi Basic Industries Corp. reported earnings results for the first quarter ended March 31, 2015. The company posted a 39% decline in net profits in the first quarter of 2015 compared with a year ago because of plunging oil prices. The company reported net profit of SAR 3.93 billion for the three months ended March 31, 2015. That compared with a net profit of SAR 6.44 billion in the same quarter a year earlier. The decrease in net income is attributable to lower average sales prices despite the reduction in cost of sales. Operational profit was down by 43.5% at SAR 6.13 billion. Revenues in shrank 28% from a year earlier and 18% from the previous quarter to SAR 35.56 billion.

Sabic Announces Management Changes

Sabic announced Personnel changes include the appointment of MosaedAl Ohali to executive v.p./corporate finance; Abdulrahman AI Faqeeh to executive v.p./polymers; Ernesto Occhiello to executive v.p./innovative plastics; Awadh AI Maker to executive v.p./technology and innovation; and Ahmed AI Shaikh, former v.p./manufacturing center of excellence, to executive v.p./manufacturing. Abdulaziz AI Oudan moves to executive v.p./human resources, and Sabic veteran Fahad AI Sheaibi becomes adviser to the CEO. All of the appointments are internal and take effect on May 1, 2015.


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Valuation SABIC Industry Range
Price/Earnings 13.7x
Price/Sales 1.6x
Price/Book 1.7x
Price/Cash Flow 13.5x
TEV/Sales 0.4x

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