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Saudi Arabia \ Production Public Entreprises \ Saudi Basic Industries Corporation (SABIC) Easy printable page

Contact Information
P.O.Box 5101, Riyadh 11422
Tel: +966 (1) 401 2033
Fax: +966 (1) 401 2045
General Description
SABIC was founded in 1976 to foster the petrochemical industry and other hydrocarbon-based industries through its ventures with foreign partners, and to market their products. It is 70% state owned.
Mode of Finance
SABIC is owned by the Saudi Government (70%) and the private sector (30%). Private sector shareholders are from Saudi Arabia and other countries of the six-nation Gulf Cooperation Council (GCC).
(last updated: 06-December-2002)
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