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Saudi Basic Industries Corporation (Arabic: الشركة السعودية للصناعات الأساسية), known as SABIC (Arabic: سابك), is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. [2] [3] It is active in petrochemicals, chemicals, industrial polymers and fertilizers. [4]
In 1980, two subsidiaries of Exxon Mobil Corporation (the plaintiff and petitioner in this matter) formed a joint venture with defendant/respondent Saudi Basic Industries Corporation (SABIC). Twenty years later, a dispute arose over royalties SABIC had charged Exxon Mobil's subsidiaries for sublicenses to a polyethylene manufacturing method ...
RIYADH/DUBAI (Reuters) - Saudi Basic Industries Corp (SABIC) expects a slowdown in demand in 2020, CEO Yousef al-Benyan said on Wednesday, after the world's fourth-biggest petrochemicals maker ...
Saudi Basic Industries Corp , the world's fourth-biggest petrochemicals company, reported an 81 percent leap in second-quarter net profit on Sunday, citing higher selling prices and a jump in ...
The deal values Saudi Basic Industries Corp (SABIC) at 123.39 riyals ($32.90) per share, 27.5% above the company's share price of 89.40 riyals, as the coronavirus outbreak has hurt demand for ...
Al-Mady stepped down from the CEO position in February 2015, [2] the same month he became the head of the Military Industries Corporation. [ 3 ] Al-Mady is also the Chairman of the Saudi Arabian Fertilizer Company (SAFCO), as well as being a member of the SABIC Research and Technology Executive Committee and SABIC Europe BV's Executive Board.
Saudi Arabia's stock market rose on Thursday aided by its banks, even as Saudi Basic Industries gave up most of its early gains spurred by news of Aramco's purchase of a large stake in the ...
SABIC: $35,421 35,000 The Saudi Basic Industries Corporation is a diversified chemicals, industrial polymers, fertilizers, and metals company. Majority state-owned and headquartered in Riyadh, subsidiaries include Hadeed (steel), SAFCO (fertilizers), and the Yanbu National Petrochemical Company.