SABIC
| Name | SABIC | |
| Sector | Manufacturing - Other manufacturers | |
| Trading | Tadawul | |
| RIC Code | 2010.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Saudi Basic Industries Corporation (SABIC) that was established in 1976 is the largest listed company in the Middle East with a market capitalization of SAR 448 bn and total assets of SAR 125 bn. The company is also the largest independent petrochemical company in the world in terms of market capitalization and net profits.
In addition, the firm is the fifth largest diversified petrochemical company in terms of sales, after BASF, Dow Chemical, Bayer, and Du Pont. SABIC consists of 18 world-scale manufacturing subsidiaries in Saudi Arabia, most of which are operated with regional and/or multi-national partners such as Exxon Mobil, Shell, Fortum, Ecofuel/ENI and Mitsubishi Chemicals, while two are wholly owned by SABIC.
In addition, SABIC holds a stake in seven sister companies, which amounted to a book value of SAR 2.6 bn at the end of 2004, operating in the fields of petrochemicals, aluminum, shipping and utilities.
SABIC's business activities have been restructured into six Strategic Business Units: Basic Chemicals, Intermediaries, Polyolefins, PVC & Polyester, Fertilizers and Metals. Furthermore, SABIC is currently ranked as the world's second largest producer of Methanol, MTBE and Ethylene Glycol; the third largest in polyethylene; the fourth largest in ethylene; and the sixth largest producer of polypropylene.
The dominance in the petrochemical sector is principally the result of significant competitive advantage regarding access to cheap feedstock from natural gas. This advantage is magnified during high oil prices.
SABIC's current strategy is to expand capacity, and diversify globally into different markets through acquisitions and joint ventures.
In addition, the firm is the fifth largest diversified petrochemical company in terms of sales, after BASF, Dow Chemical, Bayer, and Du Pont. SABIC consists of 18 world-scale manufacturing subsidiaries in Saudi Arabia, most of which are operated with regional and/or multi-national partners such as Exxon Mobil, Shell, Fortum, Ecofuel/ENI and Mitsubishi Chemicals, while two are wholly owned by SABIC.
In addition, SABIC holds a stake in seven sister companies, which amounted to a book value of SAR 2.6 bn at the end of 2004, operating in the fields of petrochemicals, aluminum, shipping and utilities.
SABIC's business activities have been restructured into six Strategic Business Units: Basic Chemicals, Intermediaries, Polyolefins, PVC & Polyester, Fertilizers and Metals. Furthermore, SABIC is currently ranked as the world's second largest producer of Methanol, MTBE and Ethylene Glycol; the third largest in polyethylene; the fourth largest in ethylene; and the sixth largest producer of polypropylene.
The dominance in the petrochemical sector is principally the result of significant competitive advantage regarding access to cheap feedstock from natural gas. This advantage is magnified during high oil prices.
SABIC's current strategy is to expand capacity, and diversify globally into different markets through acquisitions and joint ventures.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | 70% |
Board Members (Listed in alphabetical order)
| Director | Abdulla m Al Issa |
| Director | Ahmad Al Hakami |
| Chairman | Hashim A. Yamani |
| Director | Juabara Ibn Eid Al Suraisri |
| Managing Director | Mohammad Bin Hammad Al Mady |
| Director | Mohammed Abanumay |
| Director | Saleh E. Al-Husseini |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 105.25 | 3424.18 |
| YTD % |  8.584% |  0% |
| Weekly % | 6.815% | 5.55% |
| Year High | SAR 180.25 | 9083.39 |
| Year Low | SAR 94.25 | 3296.01 |
| 52 Week High | SAR 298.92 | 4532.55 |
| 52 Week Low | SAR 100.25 | 2983.01 |
| BETA | 2.2205 | |
| Outstanding Shares | 2,500,000,000 | |
| Market Cap | SAR 263,125,000,000 | |
| Market Cap in $ | USD $70,166,666,667 | |
| % of Saudi_Arabia Market | 21.41% | |
| % of Sector | 60.56% | |
| Rank by Cap | 1 |
Key Figures in '000 SAR
| 2005 | 2004 | 2003 | |
| Total Assets | 136,950,480 | 124,944,646 | 109,300,109 |
| Shareholder's Equity | 62,340,617 | 50,882,332 | 40,270,044 |
| NIAT | 19,159,685 | 14,213,688 | 6,696,156 |
| Dividends | 1,800,000 | 4,500,000 | 3,600,000 |
Financial Ratios
| 2005 | 2004 | 2003 | |
| Assets Growth | 9.61% | 14.31% | 10.25% |
| Earning Growth | 34.80% | 112.27% | 135.45% |
| ROaA | 14.63% | 12.14% | 6.43% |
| ROaE | 33.84% | 31.19% | 17.78% |
| No. Of Shares | 400,000,000 | 300,000,000 | 300,000,000 |
| EPS | 47.90 | 47.38 | 22.32 |
| EPS Growth | 34.80% | 112.27% | 135.45% |
| Payout Ratio | 9.395 | 31.66 | 53.762 |
Valuation Ratios
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| PE | |
| PB | |
| DVPS | |
| Div Yield | |
| EV | |
| EV/Equity |
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