SABIC

SABIC is a global diversified chemicals company headquartered in Riyadh, Saudi Arabia. It manufactures chemicals, commodity and high-performance plastics, agri-nutrients, and metals on a global scale, serving customers in over 140 countries. The company employs more than 28,000 people worldwide and has a network of technology and innovation centers. SABIC's manufacturing sites are located in the Americas, Europe, Middle East, and Asia Pacific regions.

The company operates through four strategic business units: Polymers, Chemicals, Agri-Nutrients, and Specialties. SABIC's product portfolio includes mono-ethylene glycol, MTBE, polycarbonate, methanol, and engineering plastics. The company has a strong presence in key industries such as automotive, hygiene and healthcare, electrical and electronics, packaging, agriculture, consumer products, and building and construction. SABIC's commitment to innovation is demonstrated by its extensive patent portfolio and global network of technology and innovation centers.

SABIC has a history of strategic investments and divestitures to optimize its portfolio. In 2024, the company announced plans to sell its 20.62% stake in Aluminium Bahrain (Alba) to the Saudi mining firm Ma'aden for approximately $1 billion, aiming to streamline its portfolio and focus on its core chemical business. Despite facing financial challenges, including a net loss of 1.89 billion riyals ($504 million) in the fourth quarter of 2024, SABIC continues to invest in its operations and maintain a stable EBITDA margin, demonstrating resilience in a challenging market environment. The company's capital investment projection for 2025 is estimated at $3.5-$4 billion, reflecting its ongoing commitment to growth and development.

SABIC's global presence and diversified operations position it as a significant player in the chemical industry, with a focus on innovation, sustainability, and strategic growth. The company's strategic initiatives and investments aim to enhance shareholder value and financial stability, ensuring its continued leadership in the global chemical sector.