Minister-President of the German State of Heseen visits Sabic

Notes and media contacts

About Sabic

Saudi Basic Industries Corporation (Sabic) ranks among the world's top five petrochemical companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.

Sabic recorded a net profit of SR22bn ($5.86bn) in 2008. Sales revenues for 2008 totalled SR151bn ($40.2bn). Total assets stood at SR272bn ($72.5bn) at the end of 2008.

Sabic's businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. Sabic has significant research resources and has 15 dedicated Research and Technology and application centers in the Middle East, the Americas, Europe and Asia-Pacific.

The company operates in more than 40 countries across the world with 33,000 employees worldwide.
The company has 20 world-scale complexes in Saudi Arabia. Elsewhere, Sabic manufactures on a global scale in the Americas, Europe and Asia Pacific. Sabic's overall production has increased from 35m metric tons in 2001 to 56m metric tons in 2008.

Headquartered in Riyadh, Sabic was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70% of Sabic shares with the remaining 30% held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.

For more information please contact:

Arpana Bhandari
Junior Account Executive
Hill & Knowlton
Telephone: +971 4 3344 930
Fax: +971 4 3344 923