In June 2020, Aramco acquired the government’s 70% stake in SABIC for $69.1 billion. SABIC appointed Abdulrahman Al-Fageeh as CEO in March 2023.

Aramco and its unit Sabic will not go ahead with the planned 400,000 barrel-a-day facility at Ras Al Khair on Saudi Arabia’s Gulf coast, and a proposal to move the project to Jubail has also ...

SABIC is 70% owned by Aramco and 30% owned by the private sector. Yousef Abdullah Al-Benyan has been Vice-Chairman and CEO of the company since 2015.

Sabic is majority owned by state-owned oil supplier Saudi Aramco of Saudi Arabia. Globally, Sabic employs more than 31,000 and is a global supplier of commodity and engineering resins. The firm is ...

Mirza previously held roles at state oil producer — and Sabic majority owner — Saudi Aramco, working on its $30 billion initial public offering and debut international bond sale, according to ...

DHAHRAN, Saudi Arabia, March 27, 2023 /PRNewswire/ -- Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated ...

Our sales volumes continue to grow, exceeding the previous year’s sales by 9% and driven by growth projects, improved reliability, inventory optimization and synergies with Saudi Aramco”. SABIC ...

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, Sinopec (China Petroleum and Chemical Corporation), and SABIC are exploring collaboration across refining and ...

Work is expected to be completed in 2026. The Saudi chemical maker Sabic, also majority owned by Aramco, says it will study building an oil-to-chemicals complex in Ras Al-Khair, Saudi Arabia.

CAIRO, Nov 23 (Reuters) - Saudi Basic Industries Corporation (SABIC) (2010.SE), opens new tab and Saudi Aramco (2222.SE), opens new tab are planning to start a joint project to convert crude into ...

The company is controlled by oil giant Saudi Aramco. Saudi Basic Industries Corp ... The Riyadh-based company, known as Sabic, made net income of 6.47 billion riyals ($1.73 billion).