Last SR86.29 SAR
Change Today -2.24 / -2.53%
Volume 5.7M
SABIC On Other Exchanges
Saudi Arabia
As of 8:30 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

saudi basic industries corp (SABIC) Snapshot

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Day High
Day Low
52 Week High
09/21/14 - SR136.50
52 Week Low
12/16/14 - SR70.25
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Average Volume 10 Days
Shares Outstanding
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saudi basic industries corp (SABIC) Details

Saudi Basic Industries Corporation, together with its subsidiaries, manufactures, markets, and distributes chemicals, fertilizers, and metal products in the Kingdom of Saudi Arabia and internationally. The company operates through Chemicals, Fertilizers, and Metals segments. It provides various chemical products, including olefins comprising ethylene, propylene, butadiene, and butene-1 to manufacture various consumer products; oxygenates, such as methanol and methyl tertiary butyl ether; aromatics for the production of clothing, paints, and packaging; 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; fiber intermediates to manufacture antifreeze, detergents, paints, and polyesters; industrial gases comprising nitrogen, argon, crude krypton/xenon, and hydrogen for industrial processes; and linear alpha olefins that form components of comonomers, alcohols, lubricants, surfactants, and other intermediate chemicals. The company also offers performance chemicals, such as base products, functional chemicals, and functional polymers; plastic products that include PVC 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. In addition, it provides fertilizer products, which comprise prilled and granular urea, ammonia, and phosphates; long steel products, including reinforcing bar, rebar-in-coil, wire rod coils, light sections, and steel billets; and flat steel products, such as hot rolled, cold rolled, hot dip galvanized, and pre painted coils. The company was founded in 1976 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

40,000 Employees
Last Reported Date: 02/25/14
Founded in 1976

saudi basic industries corp (SABIC) Top Compensated Officers

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saudi basic industries corp (SABIC) Key Developments

Saudi Basic Industries Corp Plans to Invest in the Production of Fertilisers

Saudi Basic Industries Corp. plans to invest in countries such as Mozambique in the production of fertilisers. In addition, Sabic is exploring investment opportunities in North America, China and Saudi Arabia.

Saudi Basic Industries Corp Announces Earnings Results for the Full Year Ended December 2014

Saudi Basic Industries Corp. (SABIC)announced earnings results for the full year ended December 2014. For the period, the company's net profit was SAR 23.43 billion, a drop of 7% from the SAR 25.28 billion reported the previous year, which the company attributed to lower average sales prices and higher volumes, leading to increased costs. Operational profit fell 8.8% over the same period to SAR 38.79 billion.

Saudi Basic Industries Corp. Announces Earnings Results for the Fourth Quarter Ended December 2014

Saudi Basic Industries Corp. announced earnings results for the fourth quarter ended December 2014. For the quarter, the company reported a 29% plunge in its net profit. The company registered USD 1.16 billion in as its net profit compared to USD 1.63 billion during the corresponding period in 2013. The company recording sales of USD 11.6 billion during the fourth quarter, declining 10% from USD 12.76 billion in 2013. Operational profit for the quarter fell by 26% over the same period to SAR 7.56 billion.


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