Saudi Royal Commission for Jubail and Yanbu has announced that its total investments in the industrial cities hit more than SAR1.5 trillion ($400 billion) by the end of 2025. The country’s flagship industrial hubs, Jubail is focused on petchem and heavy industry while Yanbu serves as the refining and downstream sector.
SABIC has announced the retirement of its CEO and Executive Member of the Board, Abdulrahman Al-Fageeh, effective April 1, 2026.
Saudi Basic Industries Corporation (Sabic), has reported a net adjusted income of SAR2.1 billion ($560 million) for 2025, as annual revenue reached SAR116.5 billion ($31 billion). A key highlight was the global petchem leader's brand value exceeding the $5 billion threshold for the first time hitting $5.19 billion.
Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industrial Transformation Company (Target Company) for SAR700 million ($186.4 million).
Saudi Arabia's Ministry of Energy has reiterated that all activities involving petroleum and petrochemical materials must obtain the necessary licences from the ministry.
Fertiglobe, the world’s largest seaborne exporter of urea and net ammonia combined, reported a 41% Y-o-Y increase in revenues to $2.82 billion in 2025, while adjusted EBITDA rose 57% Y-o-Y to $1.02 billion.
SABIC is making a major impact at this year’s GPCA conference in Bahrain, marking its participation with a significantly heightened presence and strong senior leadership representation.
ExxonMobil, Aramco and Samref have signed a Venture Framework Agreement (VFA) to evaluate a significant upgrade of the Samref refinery in Yanbu, and an expansion of the facility into an integrated petrochemical complex.
The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, has announced the end of Dr Abdulwahab Al-Sadoun’s tenure as Secretary General after more than 16 years of service, and the appointment of Eng Mater Aldhafeeri as his successor.
