SABIC

SABIC, or Saudi Basic Industries Corporation, is a leading diversified manufacturing company based in Saudi Arabia, specializing in chemicals, industrial polymers, fertilizers, and metals. As the largest public company in the country and the Middle East, SABIC is predominantly state-owned, with the Saudi government holding 70% of its shares. It ranks as the second largest global producer of ethylene glycol and has significant standings in the production of polyethylene, polyolefins, and polypropylene. Additionally, SABIC is recognized as the world's largest producer of various chemical products, including mono-ethylene glycol and granular urea. Beyond its core manufacturing operations, SABIC Ventures serves as its corporate venture arm, focusing on seed and early-stage investments in sectors such as technology, energy, and circular economy. This venture arm aims to support innovation and growth by collaborating with entrepreneurial teams and a network of investors, leveraging SABIC's global presence to create market impact.

Aruna Subramanian

Managing Director

Past deals in Saudi Arabia

GE Plastics

Acquisition in 2007
GE Plastics was the branch of General Electric who manufactured plastics, and was part of the GE Industrial division. GE Plastics in 1971 a branch in Bergen op Zoom established. Initially this was a joint venture with Akzo , and later this joint venture was dissolved and the company continued as GE Plastics. There were eleven factories located on the site and the number of employees grew to 1500. Here were include Lexan pellets produced. This relates to polycarbonate , which is used among other things as replacement for break-resistant glass window and in CD's. In addition, Noryl ( polyphenylene oxide , a so-called 'engineering plastic') and BPA (bisphenol-A, a raw material for epoxy resins and polycarbonate ) produced. As a raw material is, inter alia, chlorine is used, that at the location is obtained by membrane electrolysis of common salt . Since salt water as a waste product released is the location on a salt surface is required. Annual production in 1990 was about 46 kt and 51 kt chlorine caustic soda . The complex is in 2007 taken over by the Saudi company SABIC , after General Electric found that it was too little profit. It also includes the headquarters of the division: Sabic Innovative Plastics , as well as a distribution center.