It is the largest and most profitable non-oil company in the Middle East and the fifth largest petrochemical product manufacturer in the world. SABIC, headquartered in Riyadh, Saudi Arabia, is a listed company. The Saudi Arabian government owns 70% of the shares, and the remaining 30% is owned by private investors from Saudi Arabia and other GCC countries.
Saudi Basic Industries Company is divided into six strategic business departments, including basic chemicals strategic business department, intermediate strategic business department, polyolefin strategic business department, PVC and polyester strategic business department, fertilizer strategic business department and metal strategic business department.
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SABIC is one of the fastest growing global petrochemical companies, one of the largest exporters of fertilizers, polymers and chemicals in the world, and also occupies a leading position in the engineering plastics industry.
SABIC's production network in Saudi Arabia has 17 subsidiaries. Most of them are located in Al-Jubeir Industrial City in the Arabian Gulf along the Persian Gulf. There are two industrial cities in Yanbu along the Red Sea, and one in Dammam, the capital of the east. SABIC is also a partner of three regional companies in Bahrain.
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