+ Patents
++ Number of Patents Issued to Saudi Basic Industries by the US Patent Office and the European Patent Office (Past 12 Months)
There were a total of 19 patents issued to Saudi Basic Industries in the past 12 months. The highest number (4) were issued in December, 2019.

MonthNo. of Patents Issued
June3
May2
April2
March1
February1
January1
December4
November2
October2
September1
Total (Past 12 Months)19


+ Tax & Dividend
++ Average Income Tax Paid (Past 5 Years)
In the past 5 years, Income Tax as % of profit before tax increased from 10.1% to 27.4% and Income Tax as % of operating cash flow increased from 10.1% to 27.4%.

Description201920182017201620155-yr avg10-yr avg
As % of profit before tax27.410.812.414.410.11511.9
As % of operating cash flow27.410.812.414.410.11511.7

++ Dividend History
In the past 5 years annual dividends have decreased by SAR1.1 from SAR5.5 to SAR4.4. Based on a start date of 5 years ago, there has been only two rise in dividends over the last 5 years.

DateValue (SAR)Type
22 Apr 20202.2Cash
17 Sep 20192.2Cash
Tr 12 Months4.4
10 Apr 20192.2Cash
2018 - 20192.2
18 Apr 20182.2Cash
31 Jul 20172Cash
2017 - 20184.2
23 Apr 20172Cash
06 Sep 20162Cash
2016 - 20174
24 Apr 20163Cash
02 Sep 20152.5Cash
2015 - 20165.5


+ Financials Q1 2020, FY 2019
++ Quarterly Report (Q1/2020): Key Parameters
Saudi Basic Industries reports 19.6% sequential rise in Quarterly Revenue
Release Date: May 21, 2020
Saudi Basic Industries (TASI:2010), announced total revenue of SAR5.3b ($US1.4b) for the quarter-ended 31 March 2020 [Q1/2020], up 19.6% from the previous quarter [Q4/2019] and down 85.9% from the year-earlier period [Q1/2019].


Quarter-ended31 Mar [Q1/2020]31 Dec [Q4/2019]30 Sep [Q3/2019]
Revenue, SAR billion5.34.48.2
Revenue, $US billion1.41.22.2
Sequential growth in Revenue %19.6-46.2-16.6
Net Profit, SAR million-949-725834
Net Profit, $US million-253-193222

Compared with the previous corresponding period [PCP; Q1/2019], year-over-year [y.o.y.] Revenue was down 85.9%.

Quarter-ended31 Mar [Q1/2020]31 Mar [Q1/2019]
EPS, hallalah-2.0
PCP growth in EPS %--31.2
Revenue, SAR billion5.337.4
Revenue, $US billion1.410.0
PCP growth in Revenue %-86-10.7
Net Profit, SAR-949million3.4billion
Net Profit, $US million-253909
PCP growth in Net Profit %--38.1

Currency Conversion (March 31, 2020): $US1 = SAR3.75
Currency Conversion (March 31, 2019): $US1 = SAR3.75

++ Financial Results as reported (Q1/2020)

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In SAR Thousand, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (Q1/2020)

DescriptionSAR Thousand
Mar 312020
Sales30,825,072
Sales Cost25,102,423
Total Income5,722,649
Other Revenues-438,438
Total Revenues5,284,211
Admin and Marketing Expenses5,246,426
Depreciation
Other Expenses461,664
Total Expenses5,708,090
Net Income Before Zakat-423,879
Zakat525,000
Net Income-948,879

BALANCE SHEET AS REPORTED (Q1/2020)

DescriptionSAR Thousand
Mar 312020
BALANCE SHEET
Current Assets69,091,760
Inventory25,221,059
Investments24,774,281
119,087,100
Fixed Assets161,116,906
Other Assets27,306,528
188,423,434
Total Assets307,510,534
Current Liabilities36,641,535
36,641,535
Non-Current Liabilities62,317,040
Other Liabilities
Shareholders Equity166,947,964
Total Liabilities and Shareholder Equity307,510,534
Minority Interests41,603,995

CASH FLOW AS REPORTED (Q1/2020)

DescriptionSAR Thousand
Mar 312020
CASH FLOW
Net Income-360,175
Depreciation5,222,253
Accounts Receivable
Inventory
Prepaid Expenses
Accounts Payable
Other Changes in Oper. Activity674,346
5,536,424
Purchases of Fixed Assets-3,226,548
Other Changes in Investing Act.-3,319,049
-6,545,597
Increase in Debts316,699
Other Changes in Financing Act.813,402
1,130,101
Cash at Begining of Period36,965,779
Cash at End of Period37,086,707

++ Annual Report (FY 2019): Key Parameters
Saudi Basic Industries profits hit by 74% fall
Release Date: April 06, 2020
Saudi Basic Industries (TASI:2010) reported net profit for the year-ended 31 December 2019 [FY2019] of SAR5.6b ($US1.5b), down 74.1% from SAR21.5b ($US5.7b) in the previous year [FY2018].

Major changes compared with previous year (FY2019 vs FY2018):
Favourable Changes:
- Total non-current assets to Total Assets up from 57.2% to 61.9%
- Fixed Assets to Total Assets up from 51.2% to 54.8%
- Total Liabilities to Operating Cash Flow of 2.8 compares favourably with the Joseph Piotroski benchmark of <4. However, it has deteriorated by 26.8% from the previous year's ratio of 2.2.
Unfavourable Changes:
- Net profit slumps 74.1% from SAR21.5b ($US5.7b) to SAR5.6b ($US1.5b)
- Total revenue down 43.5% from SAR60.1b ($US16.0b) to SAR33.9b ($US9.0b)
- EBIT Margin down from 14.3% to 5.5%
- EBIT to total assets down from 7.5% to 2.5%
- Total revenue to total assets down from 0.2 to 0.1
- Administration expenses to Sales up from 12.6% to 14.8%
- Profit before tax to Sales down from 14.3% to 5.5%
- Current ratio down 14.4% from 3.7 to 3.2
- Working capital to total assets down from 31.2% to 26.1%
- Total current assets to Total Assets down from 42.8% to 38.1%
Note:
- Total liabilities to Total assets steady at 0.3
- Current Inventory to Total Assets down from 8.8% to 8.5%
- Short-term investments to Total Assets down from 9.2% to 7.5%

Year-on-year comparison of Performance Ratios [FY2019 vs FY2018]

December 31FY2019FY2018Change (%)
Return on Equity (%)13.144.5Down 70.6
Return on Assets (%)1.86.7Down 73.1
Total Liabilities to Operating Cash Flow2.82.2Up 26.8
Total Liabilities/Total Assets (Up 3.2% from 0.31 to 0.32)0.30.3Up 3.2
Current Ratio3.23.7Down 14.4
Common Size Ratios by Assets %
Total non-current assets to Total Assets 61.9 57.2 Up 8.3
Fixed Assets to Total Assets 54.8 51.2 Up 6.9
Total current assets to Total Assets 38.1 42.8 Down 11.1
Current Inventory to Total Assets 8.5 8.8 Down 3.8
Short-term investments to Total Assets 7.5 9.2 Down 18.3
Common Size Ratios by Sales %
Administration expenses to Sales 14.8 12.6 Up 17.3
Profit before tax to Sales 5.5 14.3 Down 61.4
Tax expenses to Sales 1.5 1.5 Down 2.4

Currency Conversion (December 31, 2019): $US1 = SAR3.75
Currency Conversion (December 31, 2018): $US1 = SAR3.75

Three-year record of growth and performance:
In the last 3 years Total Revenue averaged SAR49B ($US13.1B), EBITDA averaged SAR17.6B ($US4.7B) and Net Profit averaged SAR15.2B ($US4B). Compound Annual Growth Rate (CAGR) averaged 47.1% for Total Revenue, -32.2% for Net Profit and -28.4% for EBITDA.

DescriptionAnnual (SAR B)Annual ($US B)3-year Avg (SAR B)3-year Avg ($US B)3-year CAGR %
Total Revenue33.994913.147.1
EBITDA7.7217.64.7(28.4)
Operating Profit7.7217.64.7(28.4)
Net Profit5.61.515.24(32.2)

Three-year record of EBITDA, Operating Profit, Net Profit, ROE, ROA and ROCE
In 2019 Net Profit Margin of 4.0% was below its 3-year Avg of 9.7% (All Figures in %)

Description20193-year Avg
EBITDA Margin5.511.3
Operating Profit Margin5.511.3
Net Profit Margin49.7
Return on Equity13.132.5
Return on Assets1.84.7
Return on Capital Employed2.86.3

++ Financial Results as reported (FY 2019)

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In SAR Thousand, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (FY 2019)

DescriptionSAR ThousandSAR Thousand
Dec 3120192018Change %
STATEMENT OF INCOME
Sales139,737,384169,128,339Down 17.4
Sales Cost104,217,191111,520,471Down 6.5
Total Income35,520,19357,607,868Down 38.3
Other Revenues-1,595,3492,472,570Deterioration
Total Revenues33,924,84460,080,438Down 43.5
Admin and Marketing Expenses20,687,18621,344,844Down 3.1
Depreciation
Other Expenses5,574,38714,614,916Down 61.9
Total Expenses26,261,57335,959,760Down 27.0
Net Income Before Zakat7,663,27124,120,678Down 68.2
Zakat2,100,0002,600,000Down 19.2
Net Income5,563,27121,520,678Down 74.1

BALANCE SHEET AS REPORTED (FY 2019)

DescriptionSAR ThousandSAR Thousand
Dec 3120192018Change %
BALANCE SHEET
Current Assets68,547,63679,343,025Down 13.6
Inventory26,413,58028,244,803Down 6.5
Investments23,350,39429,364,539Down 20.5
118,311,610136,952,367Down 13.6
Fixed Assets170,056,249163,819,684Up 3.8
Other Assets21,997,89218,938,823Up 16.2
192,054,141182,758,507Up 5.1
Total Assets310,365,751319,710,874Down 2.9
Current Liabilities37,447,23637,108,403Up 0.9
37,447,23637,108,403Up 0.9
Non-Current Liabilities61,667,19361,165,996Up 0.8
Other Liabilities
Shareholders Equity168,761,908173,084,380Down 2.5
Total Liabilities and Shareholder Equity310,365,751319,710,874Down 2.9
Minority Interests42,489,41448,352,095Down 12.1

CASH FLOW AS REPORTED (FY 2019)

DescriptionSAR ThousandSAR Thousand
Dec 3120192018Change %
CASH FLOW
Net Income11,682,30635,683,068Down 67.3
Depreciation20,585,33815,501,565Up 32.8
Accounts Receivable3,578,692747,973Up 378.5
Inventory1,852,851-2,181,809Recovery
Prepaid Expenses15,272881,779Down 98.3
Accounts Payable-2,081,182-3,092,107Improved 32.7
Other Changes in Oper. Activity-60,348-2,810,625Improved 97.9
35,572,92944,729,844Down 20.5
Purchases of Fixed Assets-19,618,362-14,165,177Deterioration 38.5
Other Changes in Investing Act.5,927,906-15,438,380Recovery
-13,690,456-29,603,557Improved 53.8
Increase in Debts-5,994,203-10,693,815Improved 43.9
Other Changes in Financing Act.-20,345,722-20,982,897Improved 3.0
-26,339,925-31,676,712Improved 16.8
Cash at Begining of Period41,423,23157,973,656Down 28.5
Cash at End of Period36,965,77941,423,231Down 10.8



+ Peer Group Analysis & Ranking
++ BuySellSignals Fundamentals Valuation Ranking: Saudi Basic Industries vs Saudi Market
Out of 176 stocks in the Saudi Arabian Market, Saudi Basic Industries is ranked second by Revenue, sixth by Net Profit, Twenty-first by Yield and Seventieth by Discount to 52-Wk High.

Saudi Avg2010RankRank 1Rank 2Rank 3Lowest Rank
Revenue SAR9 B33.9 B2 33.9 B 201033.1 B 7010
Net Profit2.3 billion5.6 B6330.7 B 222211.4 B 118010.7 B 7010(1.6 B) 2060
Yield (%)1.74.99216.9 30606.8 10506.6 20800.4 9504
Discount to 52-Wk High (%)12.919.17059.4 216054.6 121342.2 21100.2 4080
P/Sales-9.5x820.3x 40110.5x 21600.7x 2230-
EBITDA Margin-5.58385.4 203079.5 413078.3 4292(56.8) 4020
ROA (%)6.961.88424.6 419024.2 183122.1 22220.1 7020
Premium to 52-Wk Low (%)23.647.11067.4 11508.7 208011.1 4300395.1 9502
Price/Net Tangible Assets10.9x6.2x1340.4x 43000.6x 10200.6x 4333-
Negative values are shown in brackets.

++ Market Share
Saudi Basic Industries has a position of market dominance in the Petrochemical Industries sector.
Saudi Basic Industries vs Petrochemical Industries sector [Petrochemical Industries sector Total in Brackets]
Revenue of SAR33.9 billion (US$9 billion)[68.7% of aggregate sector revenue of SAR49.3 billion; down from 70.3% in the previous year.]
Net Profit of SAR5.6 billion (US$1.5 billion) [73.0% of aggregate sector net profit of SAR7.6 billion; up from 65.9% in the previous year.]
EBIT of SAR7.7 billion (US$2 billion) [71.0% of aggregate sector EBIT of SAR10.8 billion; up from 64.6% in the previous year.]

++ Global Rank [out of 47,744 stocks] and Rank of Saudi Basic Industries in the Middle East & Africa Region [out of 2,216 stocks]

DescriptionValueGlobal RankIn MEA Region
MCap (US$)70.6B1634
Total Assets (US$)82.8B63420
Revenue (US$)9B1,50215
Net Profit (US$)1.5B82621
Return on Equity %13.18,371454
Net Profit Margin %4.019,3341,048
Price to Book6.331,4791,416
Yield %5.06,281577
PV1000 (1Year) USD*86523,5611,194
US$* Change (1Year) %-18.025,0631,259

* 1 year ago USD 1 = SAR 3.75
Jul 12, 2020: USD 1 equals SAR 3.75

++ Rank of Saudi Basic Industries in the All Share Index (TASI) [out of 171 stocks], in the Total Saudi Market [out of 176 stocks] and in the Petrochemical industries sector [out of 12 stocks]

DescriptionValueIn All Share Index (TASI)In Total Saudi MarketIn Petrochemical industries sector
MCap (SAR)264.6B221
Total Assets (SAR)310.4B551
Revenue (SAR)33.9B221
Net Profit (SAR)5.6B661
Return on Equity %13.150535
Net Profit Margin %4.0931007
Price to Book6.213214111
Yield %5.020223
PV1000 (1Year) SAR8651311367

++ Long-Term Fundamental Ranking: 3 out of 5 [5 is best]
Saudi Basic Industries is ranked number 1 out of 12 listed petrochemical industries companies in the Saudi Arabia with a market capitalization of SAR264.6 billion (US$70.6 billion).
Within its sector it has a relatively moderate Price/Sales of 9.5.

It has a moderate relative ROE of 13.1% and ROA of 1.8%.
Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.


+ News Archives (Jul 2018 - Dec 2019)
++ Dividends
December 19 2019: Saudi Basic Industries Corporation (SABIC) announces Board recommendation to distribute cash dividends to Shareholders for the second half of 2019
Saudi Basic Industries Corporation (SABIC) announces Board recommendation to distribute cash dividends to Shareholders for the second half of 2019
Source: mubasher.info

December 18 2019: Saudi Basic Industries announces dividend
Saudi Basic Industries today announced a cash dividend of SAR2.20 per share. The ex-dividend date is Wednesday, April 22.

May 27 2019: Saudi Basic Industries Corporation (SABIC) announces Board recommendation to distribute cash dividends to Shareholders for the first half of 2019
Saudi Basic Industries Corporation (SABIC) announces Board recommendation to distribute cash dividends to Shareholders for the first half of 2019
Source: mubasher.info

March 03 2019: Saudi Basic Industries announces dividend
Saudi Basic Industries today announced a cash dividend of SAR2.20 per share. The ex dividend date is Wednesday, April 10.

December 20 2018: Saudi Basic Industries Corp. announces the distribution of cash dividend for Cash dividends to shareholders for the second half of 2018
The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later.
Source: mubasher.info

++ Acquisitions
November 05 2018: Saudi Basic Industries Corporation (SABIC) announces the latest developments in its feasibility study for SAFCO's acquisition of its entire stake in Ibn Al Baytar Company
SABIC announces its decision not to continue further with the mentioned study. This is attributed to SABIC's Board direction to expand the evaluation of the economic opportunities from the integration and growth of its Agri-Nutrients sector with (SAFCO). This is envisioned to bring higher efficiency and enhance the sector's competitiveness at the regional and global levels
Source: mubasher.info

September 09 2018: SABIC announces latest updates on its acquisition of shares in Swiss Clariant AG
With reference to the announcement made by SABIC on Tadawul on January 25,2018 regarding the acquisition of a 24.99% equity interest in Swiss Clariant AG, SABIC would like to announce that all regulatory approvals have been completed in relation to acquisition of the shares.
Source: mubasher.info

++ Funding/Capital
October 04 2018: Saudi Basic Industries Corp. announces the start of issuing The bonds will be Senior, U.S.$ denominated, Unsecured by assets
Addendum to the announcement from Saudi Basic Industries Corporation (SABIC) published on the website of the Saudi Stock Exchange (Tadawul) on 15/01/1440H (corresponding to 25 September 2018G) relating to the latest developments on the issuance of international bonds by SABIC Capital II B.V. Sabic Start to Issuing Debt Instruments
Source: mubasher.info

October 04 2018: Saudi Basic Industries Corporation (SABIC) announces the completion of issuing international bonds by SABIC Capital II B.V
Addendum to the announcement from Saudi Basic Industries Corporation (SABIC) published on the website of the Saudi Stock Exchange (Tadawul) on 22/01/1440H (corresponding to 02 October 2018G) relating to the latest developments on the issuance of international bonds by SABIC Capital II B.V. SABIC announces Completion of Issuing Debt Instruments
Source: mubasher.info

September 28 2018: Saudi Basic Industries Corporation (SABIC), announces SABIC Capital II B.V.'s intention to issue International Bonds
The bonds will be Senior, U.S.$ denominated, Unsecured by assets
Source: mubasher.info

++ Press Releases
January 01: Saudi Basic Industries Corporation (SABIC) Announces the liquidation of Three Subsidiaries voluntarily
Saudi Basic Industries Corporation (SABIC) announces to liquidate three subsidiaries voluntarily as SABIC is not desirous for the continuity of these companies in compliance with Article 181 of the Companies Law, based on SABIC's resolution on 31 December 2019 which is part of the transformation plan.
Source: mubasher.info

December 27 2019: Saudi Basic Industries Corporation (SABIC) announces the latest development with respect to the Memorandum of Understanding signed with the Saudi Arabian Fertilizer Company (SAFCO)
Further to the announcement made by SABIC on Tadawul website dated 26/02/1440H. (corresponding to 04/11/2018G) with respect to signing a non-binding memorandum of understanding with SAFCO, SABIC announces entering into a share purchase agreement with SAFCO dated 28/04/1441H. (corresponding to 25/12/2019G) pursuant to which SAFCO will acquire 100% of the share capital of SABIC Agri-Nutrients Investment Company (SANIC).
Source: mubasher.info

October 16 2019: Saudi Basic Industries Corp. announces signing initial non-binding Memorandum of Understanding with RDIF and ESN Group
SABIC announces signing initial non-binding Memorandum of Understanding (MoU) with RDIF (Russian Direct Investment Fund) and ESN Group on Monday 14th October 2019. This is a prelimeray step towards exploring the cooperation between the three parties to evaluate building and operating a methanol plant with a capacity of up to 2 million tons per annum in the Amur Region of Russia.
Source: mubasher.info

October 04 2019: RED SEA INTERNATIONAL COMPANY ANNOUNCES THE REFORMATION OF THE EXECUTIVE COMMITTEE
Saudi Basic Industries Corporation (SABIC) announces the latest development on its intention to merge Saudi Petrochemical Company (SADAF) in Arabian Petrochemical Company (PETROKEMYA)
Source: mubasher.info

September 18 2019: Addendum Announcement from Saudi Basic Industries Corporation (SABIC) . in regards to a curtailment of feedstock supplies for some of its subsidiaries.
Following the announcement of the Saudi Basic Industries Corporation (SABIC) on Tadawul website on September 15, 2019 regarding a curtailment of feedstock supplies for some of its subsidiaries.
Source: FPT Securities

September 18 2019: Saudi Basic Industries Corporation (SABIC) announces a curtailment of feedstock supplies for some of its subsidiaries
Saudi Basic Industries Corporation (SABIC) announces a curtailment of supplies of some feedstock (in different proportions with an approximate average of 49%) for some of its subsidiaries in the kingdom of Saudi Arabia as of Saturday 14th September 2019. The company is currently working on evaluating the final effects to determine the financial impact. Any developments in this regard will be disclosed in accordance with the relevant rules and regulations.
Source: mubasher.info

July 26 2019: Saudi Basic Industries Corporation (SABIC) announces the latest development on its signing of a memorandum of understanding with Clariant AG
SABIC would like to announce reaching a common understanding with Clariant AG to temporarily defer discussions on merging SABIC Specialties business (comprising its unique ULTEM and NORYL resins, and its families of LNP compounds and copolymers) with Clariant group. This is attributed to current unfavorable market conditions. SABIC looks forward to continuing the discussions with Clariant once conditions improve.
Source: mubasher.info

June 27 2019: Saudi Basic Industries Corporation (SABIC) announces the latest development on its joint venture with the Japan Saudi Arabia Methanol Company (JSMC), Inc.
SABIC would like to announce that all regulatory approvals have been completed in relation to the extension of its joint venture with the Japan Saudi Arabia Methanol Company (JSMC), Inc. in Saudi Methanol Company (Arrazi) for 20 years (where SABIC's share will be 75% and JSMC's share will be 25%).
Source: mubasher.info

March 14 2019: Saudi Basic Industries Corporation (SABIC) announces its intention to merge Saudi Petrochemical Company (SADAF) in Arabian Petrochemical Company (PETROKEMYA)
Saudi Basic Industries Corporation (SABIC) announces its intention to merge its wholly-owned affiliate Saudi Petrochemical Company (SADAF) in its wholly-owned affiliate Arabian Petrochemical Company (PETROKEMYA).
Source: mubasher.info

November 06 2018: SABIC combines all agri-nutrient assets into one company
SABIC, the world's third-largest petrochemical company, announced its decision to establish a new company called 'SABIC Agri-nutrient Investments, to consolidate all its equity shares and assets currently held in several companies specialized in the production of various agri-nutrient products.
Source: Gulfbase

November 06 2018: SAFCO announces signing non-binding Memorandum of Understanding (MoU) with SABIC
SAFCO announces signing a non-binding Memorandum of Understanding (MoU) with (SABIC) on Thursday evening 1/11/2018. The MoU defines the Principles of cooperation between the two parties regarding SAFCO acquisition of SABIC's investments in the affiliates that produce agri-nutrients and some relevant products.
Source: Gulfbase

November 06 2018: SABIC: embracing new era with 'Chemistry that Matters'
This year marks the 40th anniversary of China's reform and opening up policy. Saudi Basic Industries Corporation (SABIC) has been fortunate to witness and contribute to this great historical movement.
Source: Gulfbase

November 05 2018: Saudi Basic Industries Corp. announces signing a Memorandum of Understanding with Saudi Arabian Fertilizer Company - SAFCO
SABIC announces signing a non-binding Memorandum of Understanding (MoU) with (SAFCO) on Thursday evening 1/11/2018. The MoU defines the principles of cooperation between the two parties regarding SAFCO acquisition of SABIC's investments in the affiliates that produce agri-nutrients and some relevant products
Source: mubasher.info

October 18 2018: Sabic unveils agri-nutrient solutions at Riyadh show
Sabic showcased its wide range of innovative, environment friendly agri-nutrient solutions targeted to specific needs of each crop and help improve yields at 37th International Trade Exhibition for Agriculture and Agro-Industry in Riyadh.
The Sabic stand at the exhibition that ran from October 7 to 10 highlighted the company's efforts to spread best agriculture practices and provide farmers with sustainable, cost-efficient and water-efficient nutrients resulting in higher crop yields. An example is the NPK fertilizer grade, which is designed specifically to improve both quality and yield of date palms.
Source: Gulfbase

October 09 2018: Why SABIC is so important to Saudi Arabia
When Mohammed bin Salman, Crown Prince of Saudi Arabia, recently reaffirmed in an interview with Bloomberg the commitment to sell shares in Saudi ARAMCO by 2021, he made it clear that part of the reason for the longer time frame was the need to protect and enhance SABIC, the Kingdom's premier industrial conglomerate.
Source: Gulfbase

October 04 2018: Sabic gives initial price guidance for dual-tranche dollar bonds
Saudi Arabian Basic Industries Corp (Sabic) started marketing five-year US dollar bonds with initial price guidance of around 140 basis points (bps) over US Treasuries and 10-year bonds with a guidance of around 180 bps over that benchmark, a source close to the matter said on Tuesday.
Source: Gulfbase

October 04 2018: SABIC shows its support for SMEs
SABIC participated in the Biban Asir Forum at the Abha International Exhibition Center last Sept. 27-29 as an exclusive strategic partner, demonstrating the key role it is playing in supporting small and medium enterprises, in line with the objectives of Saudi Vision 2030.
Source: Gulfbase

September 20 2018: Clariant and SABIC deepen ties under new partnership
Switzerland's Clariant and new anchor shareholder Saudi Basic Industries Corp. (SABIC) will merge their high-performance materials businesses and install a SABIC manager as head of the group as they strengthen their partnership.
Source: Gulfbase

September 20 2018: Sabic wins nod to buy nearly 25pc stake in Clariant
Saudi Basic Industries Corp (Sabic), a global leader in diversified chemicals, has received approvals for the purchase of a 24.99 per cent stake in Clariant, the Swiss-based speciality chemicals leader said.
Source: Gulfbase

September 19 2018: Saudi Basic Industries Corporation (SABIC) announces the signing of a memorandum of understanding with Clariant AG
Saudi Basic Industries Corporation (SABIC) announces the signing of a Memorandum of Understanding (MoU) with Swiss company Clariant AG on Monday evening, 17th September 2018. The Memorandum sets out key principles of cooperation between the two parties to establish a new business for the production of (High Performance Materials), a sector will be an exceptional source of global growth in Specialties business. The duration of the MoU is nine months, ending in June 2019.
Source: mubasher.info

September 19 2018: Saudi Basic Industries Corporation (SABIC) announces the signing of a Governance Agreement with Clariant AG
SABIC would like to announce the signing of a Governance Agreement with Clariant AG on Monday evening, September 17th, 2018.
Source: mubasher.info

September 13 2018: Sabic wins nod to buy nearly 25pc stake in Clariant
Saudi Basic Industries Corp (Sabic), a global leader in diversified chemicals, has received approvals for the purchase of a 24.99 per cent stake in Clariant, the Swiss-based speciality chemicals leader said.
"An unconditional closing of the purchase will take place in the next days which makes Sabic Clariant's largest strategic anchor shareholder, and second anchor shareholder beside the group of former shareholders of Sud-Chemie," Clariant said in a statement on its website.
Sabic, the world's third largest diversified chemical company and a long-standing partner of Clariant in the Catalyst joint venture Scientific Design, entered into a purchase agreement regarding the acquisition of the stake in Clariant in January 2018.
"With Sabic receiving all the regulatory approvals and the transaction set to be completed, we look forward to further developing the strategic relationship between both companies in order to generate value for all stakeholders," said Hariolf Kottmann, CEO of Clariant.
Clariant and Sabic are discussing about possible future collaborations that will generate value for the stakeholders of both companies. Any outcome of these discussions will be presented in due course, the statement said.
Source: Gulfbase

September 12 2018: Sabic inks pact for large-scale petchems complex in China
Sabic, the Middle East's largest chemicals company signed a preliminary agreement to develop a large-scale petrochemicals complex in the Chinese province of Fujian as the firm looks to expand its footprint in one of the world's biggest markets for products.
Source: Gulfbase

September 12 2018: SABIC and Clariant to deepen alliance as regulators back stake deal
Saudi Basic Industries Corp won regulatory approvals on Monday to buy a quarter of Swiss chemicals maker Clariant, cementing a partnership they hope will drive profit.
The world's fourth-largest chemicals maker said in January it was buying a 24.99 percent stake from activist investors, rescuing Clariant from a hostile takeover threat.
Source: Gulfbase

September 11 2018: Saudi Basic Industries Corporation (SABIC) announces the signing of a memorandum of understanding with the Fujian Provincial Government of the Republic of China
Saudi Basic Industries Corporation (SABIC) announces the signing of a Memorandum of Understanding (MoU) with the Fujian Provincial Government of the Republic of China on 11th September 2018. The Memorandum sets out the framework of cooperation between the two parties to enable SABIC to develop a world scale Petrochemical complex located in Fujian. The MoU does not have a definitive timelines.
Source: mubasher.info

August 23 2018: SABIC and Nottingham Spirk accelerate innovations
Leveraging its unique ability to expand value for its customers while also contributing to Saudi Vision 2030, SABIC, a global leader in the chemical industry, is investing in new applications and methods of collaboration to innovate across the industry value chain. As part of this investment in the future, SABIC's Specialties business announced today that it is accelerating the development of disruptive solutions to create end-user market pull by engaging with Nottingham Spirk, a business innovation and product design firm based in Cleveland, Ohio, USA. This relationship brings together the benefits of SABIC's proprietary specialty thermoplastic offerings and Nottingham Spirk's award-winning capabilities to design and commercialize breakthrough products across multiple industrial verticals.
Source: Gulfbase

July 16 2018: SABIC TO JOIN SAUDI MINISTERIAL DELEGATION TO UN HIGH-LEVEL POLITICAL FORUM ON SUSTAINABLE DEVELOPMENT
SABIC will be part of a Saudi Arabian delegation, led by the Ministry of Economy and Planning, to the upcoming High-level Political Forum (HLPF) on Sustainable Development at the UN headquarters in New York from July 9 to 18. Yousef Al-Benyan, SABIC Vice Chairman and CEO, will participate as an official member of the Saudi delegation.
Saudi Arabia, led by Faisal bin Fadhil bin Mohsin Alibrahim, Deputy Minister of Economy and Planning, will be participating for the first time in the Forum, with a delegation representing the public and private sectors, besides NGOs. Saudi Arabia will participate in the plenary sessions as well as side events organized around the conference theme of HLPF, "Transformation towards sustainable and resilient societies."
SABIC will represent the Saudi private sector during the "Voluntary National Review" of Saudi Arabia's sustainability efforts, as well as being one of the main participants in the "Energy in KSA" side event.
"SABIC is extremely proud to join the Saudi government to represent the private sector at this important international event," Al-Benyan said. "From the very beginning, sustainability has been in SABIC's corporate DNA and is central to achieving our 2025 strategy. SABIC is consistently striving for ever better performance in environmental and social responsibility."
Convened under the auspices of the UN Economic and Social Council, the HLPF will include a three-day ministerial meeting of the Forum from July 16 to 18.
The HLPF is the central body for the follow-up and review for the implementation of sustainable development commitments and the 2030 Agenda for Sustainable Development, including the UN Sustainable Development Goals (SDGs).
The Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the United Nations in 2015.