Sabic has signed a Memorandum of Understanding (MoU) with CEER, Saudi Arabia’s first electric vehicle (EV) brand and original equipment manufacturer, to explore collaboration opportunities in advanced materials and solutions for EV development and manufacturing.
Global chemical leader Saudi Basic Industries Corporation (Sabic) has signed an agreement with China’s Rongsheng Petrochemical and its wholly-owned subsidiary Zhoushan to jointly advance the development of the Jintang New Materials Project in Zhoushan, Zhejiang Province, China.
Saudi Basic Industries Corp (Sabic) has launched an ambitious public auction of industrial assets from its facilities in La Aljorra, Spain, specifically from the LX2 polycarbonate plant and the HPP plant following their permanent closure. The auction comprises 141 lots divided into two specialised events.
Saudi Basic Industries Corporation (Sabic), a global leader in chemicals, returned to profit in the first quarter of 2026, posting a net profit attributable to shareholders of SAR13.2 million ($3.52 million) compared with a SAR1.21 billion ($322 million) loss a year earlier, according to the company's Tadawul filing.
For the sixth consecutive year, Sabic earned Edison Awards across multiple categories. This year, it won in material science, energy and climate resiliency, and water, food and agriculture for five innovative solutions.
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.
The Saudi Basic Industries Corporation (SABIC) has signed an agreement with the joint venture between the Public Investment Fund (PIF) and Pirelli, for the supply of polybutadiene rubber and carbon black for the production of 3.5 million tyres annually.
Former SABIC Vice Chairman and Managing Director Late Dr. Ibrahim Ibn Salamah was honoured posthumously with the Al Rowad award at a special ceremony during the 19th Annual GPCA Forum held at Exhibition World Bahrain.
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.
