Energy, Oil & Gas

Sabic swings to Q1 profit, revenue down 6pc

Saudi Basic Industries Corporation (Sabic), a global leader in chemicals, returned to profit in the first quarter of 2026, posting a net profit attributable to shareholders of SAR13.2 million ($3.52 million) compared with a SAR1.21 billion ($322 million) loss a year earlier, according to the company's Tadawul filing. ...

Energy, Oil & Gas

Sabic earns Edison Awards for sixth year

For the sixth consecutive year, Sabic earned Edison Awards across multiple categories. This year, it won in material science, energy and climate resiliency, and water, food and agriculture for five innovative solutions....

Energy, Oil & Gas

SABIC's Abdulrahman Al-Fageeh retires, new CEO named

SABIC has announced the retirement of its CEO and Executive Member of the Board, Abdulrahman Al-Fageeh, effective April 1, 2026....

Energy, Oil & Gas

Sabic revenue hits $31bn amid petrochemicals headwinds

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. ...

Energy, Oil & Gas

SABIC to supply raw materials for production of 3.5m tyres to PIF-Pirelli JV

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....

Energy, Oil & Gas

Sabic divests key units to optimise portfolio

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....

Energy, Oil & Gas

GPCA Forum honours late SABIC executive with Al Rowad legacy award

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. ...

Energy, Oil & Gas

SABIC-GPCA: Nearly 20 years of common vision and commitment

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....

Energy, Oil & Gas

SABIC reports 7% revenue decline and lower profit in Q3

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. ...