COHESION CASE on SABIC (Saudi Basic Industries Corporation)
Over the last three decades, Saudi Basic Industries Corporation (SABIC), located in Riyadh,
Saudi Arabia, has grown to be one of the 10 largest petrochemical companies in the world.
In 2009, the company’s net income was SR9 billion, sales revenue was SR103 billion, and
total assets were worth SR297 billion. SABIC operates in 213 sites located in 40 countries. It
employs 33,000 people.
SABIC is a publicly-owned company and listed on Tadawul, the Saudi Arabian Stock
Exchange. The Saudi Arabian government holds 70 percent of the shares and the rest are owned
by private investors based in Saudi Arabia and other Gulf Cooperation Council (GCC) countries.
The company is among the world’s market leaders in the production of polyethylene,
polypropylene and advanced thermoplastics, glycols, methanol, and fertilizers and one of the
largest producers of steel in the Middle East
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Abstract
This study examines how Environmental, Social, and Governance (ESG) performance affects financial outcomes for listed
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The expansion of the Saudi economy depends on the financial markets. This study examines the
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