The largest and most profitable non-oil company in the Middle East and one of the world’s five largest petrochemicals manufacturers, SABIC is a public company based in Riyadh, Saudi Arabia. 70% of the Company’s shares are owned by the Saudi Arabian government, with the remaining 30% held by private investors in Saudi Arabia and other countries of the Gulf Cooperation Council.
SABIC began in 1976 by Royal decree and its growth has been nothing short of miraculous. Today the company has its operations in over 40 countries with a global workforce round 40,000 talented individuals.
Since SABIC’s founding, its employees have exhibited a remarkable ability to do what others said couldn’t be done.
The Kingdom of Saudi Arabia has witnessed great advances in the Petrochemical sector during the last decade, which has driven the national economy and advanced the country's presence in the world. The industry continues to build on these foundations year-on-year.
Petrochemical industry is the second largest industry in Saudi Arabia and in recent years investment, petrochemicals have increased aiming to exploit the great potential of the sector.
Saudi Arabia accounts 75% of GCC petrochemical production, the petrochemicals market enjoys very encouraging regional and global demand trends as well as that the global growth driven by industrial activity in emerging markets where the petrochemicals sector has enjoyed strong utilization rates and firm pricing trends.