Saudi Basic Industries Corporation

Published January 13th, 2011 - 13:02 GMT

Saudi Basic Industries Corporation (SABIC) is the Saudi Basic Industries Corporation, one of the world’s leading manufacturers of chemicals, fertilizers, plastics and metals.

SABIC is the largest and most profitable non-oil company in the Middle East and one of the world’s five largest petrochemicals manufacturers. It is a public company based in Riyadh. The Saudi Arabian government owns 70% of its shares, and the remaining 30% are held by private investors in Saudi Arabia and other countries of the Gulf Cooperation Council.

SABIC is one of the founders of the Gulf Petrochemicals & Chemicals Association (GPCA).