Last SR131.22 SAR
Change Today +0.11 / 0.08%
Volume 2.3M
SABIC On Other Exchanges
Symbol
Exchange
Saudi Arabia
As of 9:30 AM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

saudi basic industries corp (SABIC) Snapshot

Open
SR131.25
Previous Close
SR131.11
Day High
SR131.50
Day Low
SR130.75
52 Week High
09/21/14 - SR136.50
52 Week Low
09/30/13 - SR96.00
Market Cap
393.7B
Average Volume 10 Days
3.4M
EPS TTM
SR8.51
Shares Outstanding
3.0B
EX-Date
07/14/14
P/E TM
15.4x
Dividend
SR5.00
Dividend Yield
4.19%
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.

40,000 Employees
Last Reported Date: 02/25/14
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

Saudi Basic Industries Corporation Reports Earnings Results for the Second Quarter and Six Months of 2014

Saudi Basic Industries Corporation reported earnings results for the second quarter and six months of 2014. Net profit rose by 6.95% year on year to SAR 6.46 billion in the second quarter of 2014 on the back of higher output and sales volumes. Operating profit was up by 1% at SAR 10.1 billion. The rise in net profit was also due to improved ‘sales prices for certain products, income from associated companies and other income as well as lower financial charges’. For the first six months of 2014, the company's net profit rose by 2.3% year on year to SAR 12.9 billion, while its operational profit was down by 0.38% at SAR 20.9 billion.

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.

 

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SABIC:AB SR131.22 SAR +0.11

SABIC Competitors

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Company Last Change
BASF SE €72.69 EUR +0.35
EI du Pont de Nemours & Co $71.66 USD -0.39
LG Chem Ltd 255,500 KRW +500.00
LyondellBasell Industries NV $108.41 USD -4.89
Reliance Industries Ltd 945.70 INR +12.55
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Industry Analysis

SABIC

Industry Average

Valuation SABIC Industry Range
Price/Earnings 15.4x
Price/Sales 2.0x
Price/Book 2.5x
Price/Cash Flow 15.1x
TEV/Sales 1.0x
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