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.
Saudi Basic Industries Corporation (SABIC) has reported a 7% year-on-year decline in revenue for the third quarter of 2025, with total revenue amounting to SAR34.33 billion ($9.15 billion), primarily due to lower average selling prices and sales volumes.
The King Fahd Industrial Port in Yanbu handled 2,494 twenty-foot equivalent units (TEUs) in September 2026 through the Red Sea Express service.
SABIC participated as a National Energy Champion at the 25th WPC Energy Congress, held in Riyadh, Saudi Arabia, from October 11 to 15, highlighting the role of partnerships in driving industry development, innovation and energy transition initiatives.
The Saudi Basic Industries Corporation (Sabic) announced the signing of two strategic transactions to divest its European Petrochemicals (EP) business to Aequita and its Engineering Thermoplastics (ETP) business in the Americas and Europe to Mutares, for a total combined enterprise value of $950 million.
