SABIC Startup Programs & Corporate Open Innovation Analysis Hardware & IoT · Manufacturing

SABIC (Saudi Basic Industries Corporation) is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest public company in Saudi Arabia, as listed in Tadawul, but the Saudi government still owns 70% of its shares. SABIC is also the largest company in the Middle East. Private shareholders are from Saudi Arabia and other countries of the six-nation Gulf Cooperation Council (GCC). SABIC is currently the second largest global ethylene glycol producer and is expected to top the list after the introduction of new projects. SABIC is the third largest polyethylene manufacturer, the fourth largest polyolefins manufacturer, and the fourth largest polypropylene manufacturer. SABIC is also the world’s largest producer of mono-ethylene glycol, MTBE, granular urea, polycarbonate, polyphenylene and polyether imide. In 2008, SABIC was ranked fourth in the world by Fortune Global 500. By 2009, SABIC also improved its position to become the world’s 186th largest corporation. In 2010, SABIC grew to be the second largest diversified chemical company, or first when measured only by asset value. Measured over all its branches, it became (as of 2014) the world's 94th largest corporation on the Forbes Global 2000 ranking, with sales revenues of $50.4 billion, profits of $6.6 billion and assets standing at $90.2 billion.