Last SR123.25 SAR
Change Today +7.67 / 6.64%
Volume 5.6M
SABIC On Other Exchanges
Symbol
Exchange
Saudi Arabia
As of 5:51 AM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

saudi basic industries corp (SABIC) Snapshot

Open
SR119.00
Previous Close
SR115.58
Day High
SR126.25
Day Low
SR118.75
52 Week High
07/22/14 - SR126.25
52 Week Low
07/29/13 - SR92.50
Market Cap
370.5B
Average Volume 10 Days
2.6M
EPS TTM
SR8.51
Shares Outstanding
3.0B
EX-Date
07/14/14
P/E TM
14.5x
Dividend
SR5.00
Dividend Yield
4.41%
Current Stock Chart for SAUDI BASIC INDUSTRIES CORP (SABIC)

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saudi basic industries corp (SABIC) Details

Saudi Basic Industries Corporation, together with its subsidiaries, manufactures, markets, and distributes chemicals, fertilizers, and metal products in the Kingdom of Saudi Arabia and internationally. The company operates through Chemicals, Fertilizers, and Metals segments. It provides various chemical products, including olefins comprising ethylene, propylene, butadiene, and butene-1 to manufacture various consumer products; oxygenates, such as methanol and methyl tertiary butyl ether; aromatics for the production of clothing, paints, and packaging; chemical intermediates, such as caustic soda, ethylene dichloride, and vinyl chloride monomer to make various materials for textiles, soaps, polyvinyl chloride (PVC), and other plastics; fiber intermediates to manufacture antifreeze, detergents, paints, and polyesters; industrial gases comprising nitrogen, argon, crude krypton/xenon, and hydrogen for industrial processes; and linear alpha olefins that form components of comonomers, alcohols, lubricants, surfactants, and other intermediate chemicals. The company also offers performance chemicals, such as base products, functional chemicals, and functional polymers; plastic products that include PVC and polyesters for consumer, commercial, and industrial products; polystyrene; and polyolefins polyethylene and polypropylene for use in various materials, industrial food packaging, and waterproof films. In addition, it provides fertilizer products, which comprise prilled and granular urea, ammonia, and phosphates; long steel products, including reinforcing bar, rebar-in-coil, wire rod coils, light sections, and steel billets; and flat steel products, such as hot rolled, cold rolled, hot dip galvanized, and pre painted coils. The company was founded in 1976 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Founded in 1976

saudi basic industries corp (SABIC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

saudi basic industries corp (SABIC) Key Developments

Xiaomi Inc. Selects Three Materials from Saudi Basic Industries Corporation to Develop its Mi3 Smartphone

Xiaomi Inc. has selected three materials from Saudi Basic Industries Corporation, or SABIC, to develop its Mi3 smartphone. Xiaomi selected SABIC's LNP THERMOCOMP compound, LNP THERMOCOMP LDS and LEXAN EXL resin to create a smartphone that met complex technical specifications without sacrificing design and aesthetic appeal, allowing it to stand apart from the competition. SABIC delivered a combination of materials which enabled Xiaomi to integrate the antenna into the frame of the phone, which helped to reduce the part space and weight of the phone without sacrificing design or performance. Additionally, SABIC's ability to offer all three materials used in the phone saved the customer time in validating compatibility, enabling them to develop this industry leading smartphone at an excellent value. SABIC's new grade of LNP THERMOCOMP compound, along with SABIC's LNP THERMOCOMP LDS, was used by Xiaomi to create a new smartphone frame, which required strength, stiffness and impact resistance, as well as the integrated antenna. This feature is attractive because it can reduce the size of the smartphone device and eliminate the secondary process of incorporating a separate antenna into the phone, both of which may help the customer to reduce assembly time and cost. Additionally, SABIC'S LEXAN EXL resin was selected to allow for rich, jewel-toned colors for the backing of the device. The two LNP THERMOCOMP compounds provided Xiaomi with the material solution needed to develop a phone with thin but durable walls while also enabling the use of laser direct structuring processing to integrate the antenna into the frame. Xiaomi Inc. found SABIC's new grade of LNP THERMOCOMP compound to be especially well-suited for making a device frame as it delivered the desired balanced mechanical properties such as stiffness and strength, in addition to good impact resistance. It also helped provide a surface that enabled a high yield rate for non-conductive vacuum metallization and painting, two processes that are often used on device frames. Xiaomi also selected LNP THERMOCOMP LDS compound for the laser direct structuring of the antenna itself.

Saudi Basic Industries Corporation to Introduce Technical Grade Urea

Saudi Basic Industries Corporation has announced that it will introduce technical grade urea that will reportedly allow diesel engines reduce hazardous emissions. The new grade will be produced at SABIC's manufacturing affiliate, Al-Jubail Fertilizer Company (Al-Bayroni) in Jubail, with a capacity of 80,000 tons per year. SABIC's Technical Grade Urea will enable cleaner diesel technology in engines through liquid injection of urea solution into the exhaust stream of the diesel engine prior to its catalytic converter. This allows the engine to perform better, to use fuel more efficiently while destroying the increased nitrogen oxides with urea.

SABIC Introduces Additions to its Portfolio of Innovative Solutions

Focused on helping the healthcare industry reduce costs, SABIC's Innovative Plastics business has added to its diverse and relevant solutions portfolio with the introduction of two new grades of high-modulus carbon fiber reinforced thermoplastics. A growing opportunity for medical device manufacturers includes a shift from using traditional metal or other fiber-filled materials in their applications to plastic. SABIC is working with its customers to support this shift with two solutions that offer medical device manufacturers the potential to optimize system cost as well as improve processability. Identifying technologies that can help optimize medical device system costs while also maintaining -or even improving - the mechanical properties of the material in an application is a key requirement within the healthcare industry today, said Cathleen Hess, Director of Healthcare Marketing for SABIC's Innovative Plastics business. The two new materials that SABIC has added are examples of its commitment to develop innovative solutions that can enable part consolidation, helping its customers to reduce both effort and cost. Through the innovative use of high modulus carbon fiber technology that is creatively compounded with high performance resins, SABIC has developed two new compounds which have shown significant improvement in stiffness versus similar compounds with standard carbon fiber technology, making them excellent candidates for replacing metal and other fiber-filled thermoplastics. Metal replacement is becoming more important as medical devices must withstand ever increasing in-service demands due to more complex designs, performance requirements and regulations. LNP THERMOCOMP EC006AQH compound, a 30% carbon fiber reinforced PEI resin, is an excellent material candidate for demanding applications that require high strength and stiffness, chemical compatibility and mechanical stability in repeated, harsh sterilization environments. The second material innovation is SABIC's LNP LUBRICOMP DCI06APH compound, also a 30% carbon fiber reinforced polycarbonate resin, which combines the benefits of high modulus carbon fiber with a high-flow, ductile polycarbonate. A great candidate for applications that require high strength and stiffness, internal lubrication and good processability, the compound can also help enable a balance between design flexibility and ease of manufacturing.Designed to be comparable to the strength of metal, LNP THERMOCOMP EC006AQH compound enables medical device manufacturers to expand their use of injection-moldable engineering thermoplastics for several reasons. These include the potential for reducing system costs, achieving greater design flexibility and enhancing device compatibility with image guided surgeries. Additionally, replacing metal can also enable part consolidation, which can reduce both the effort and cost of manufacturing devices. Potential applications for this compound include either disposable or re-usable surgical instruments, patient transport devices, fixation devices and medical device housings. Also offering an alternative to traditional material solutions, LNP LUBRICOMP DCI06APH compound is a high-flow material suitable for high-strength components where the use of metals or other fiber filled thermoplastics with poor flow can create design and manufacturing challenges. The compound enables complex part designs and potential part consolidation, enabling healthcare molders to reduce waste and improve cycle times. Potential applications include disposable surgical instruments, medical device housings as well as drug delivery device components. SABIC's chemical resistance performance test data, designed to aid medical equipment manufacturers in selecting materials to meet their device requirements, has recently been enhanced to include results from an Environmental Stress Crack Resistance (ESCR) study showing the performance of SABIC's materials when repeatedly exposed to aggressive healthcare disinfectants - both alcohol/quaternary ammonium compound (QAC)-based disinfectants and alcohol-free/QAC-based disinfectants - being used in the healthcare industry. SABIC's broad and relevant portfolio of chemical resistant materials includes semi-crystalline technologies such as VALOX PBT resin and XENOY resin (PBT/PC blend), as well as ULTEM and NORYL resins which offer additional flexibility in terms of chemical compatibility. SABIC's LNP antimicrobial portfolio can offer medical device manufacturers solutions to address patient and clinician concerns of infections associated with medical care. The portfolio comprises nine different antimicrobial grades across four product families: LEXAN EXL copolymer, LEXAN polycarbonate (PC) resin, XENOY PC/polybutylene terephthalate (PBT) resin and polypropylene (PP) resins with and without fiberglass reinforcement. These resins use silver-based antimicrobial technology, as silver is well-suited to diverse applications and accepted as a broad-spectrum antimicrobial, with activity against multiple pathogens. The company recently introduced a new polyvinyl chloride (PVC) grade, SABIC SPVC 71S, which has different medical applications such as breathing circuit, extension tube, dialysis bag, blood bags and fistula needles. SABIC SPVC 71S grade is chemically approved by different international pharmacopeias and comply with the requirements of the food contact regulations.

 

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SABIC Competitors

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Company Last Change
BASF SE €82.87 EUR +0.72
EI du Pont de Nemours & Co $65.54 USD -0.01
Formosa Plastics Corp 77.20 TWD +0.10
LG Chem Ltd 286,500 KRW +2,000
LyondellBasell Industries NV $101.22 USD +0.19
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Industry Analysis

SABIC

Industry Average

Valuation SABIC Industry Range
Price/Earnings 13.5x
Price/Sales 1.8x
Price/Book 2.2x
Price/Cash Flow 13.3x
TEV/Sales -- Not Meaningful
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