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Saudi Basic Industries: Final investment decision made to build a new thermoplastic engineering plastics alloy plant in China
On March 4th, SABIC, the Saudi Basic Industries Corporation, released its full-year 2025 financial report showing sales revenue of SAR 116.5 billion, an adjusted net income of SAR 2.1 billion, and a full-year free cash flow of SAR 7.2 billion, up 17% year-over-year. The company also announced plans to distribute SAR 4.5 billion in interim dividends.
SABIC CEO Abdulrahman Al-Fadli stated that the construction of SABIC’s China-Saudi Gulei Ethylene Project (SABIC Fujian Petrochemical Complex) is progressing according to schedule and is nearing completion. Additionally, he mentioned that the company has made a final investment decision to build a new thermoplastic engineering plastic alloy plant in China.