Saudi Basic Industries Corporation (SABIC)

Saudi Basic Industries Corporation (SABIC) is a Saudi Arabian company that produces petrochemical products, polymers and chemicals. The majority stake belongs to Saudi Aramco, and the company's publicly held shares trade on the Saudi Exchange (Tadawul) under the code 2010.

The company's product range extends from basic chemicals such as ethylene, propylene and methanol to plastics such as polyethylene, polypropylene and polycarbonate, as well as engineering thermoplastics and specialty materials. These products are used as raw materials in sectors such as packaging, automotive, construction, electronics and healthcare. Fertilizer production is carried out within the subsidiary SABIC Agri-Nutrients, which trades as a separate company on Tadawul.

With petrochemical stocks, investors watch the global chemicals cycle, the cost of feedstocks such as crude oil and natural gas, the effect of capacity additions in China on product prices and the strategic decisions of the parent company. On the SABIC page at Lzzo.com, the price formed on Tadawul is listed on a US dollar basis; the Turkish lira, euro or pound sterling equivalent can also be displayed. A historical chart, technical indicators, the data source and the time of the last update are on the same page.