SABIC in the news

AlphaMena has increased its price target for Sabic PT, keeping an Add rating, with various composite ratings determining overall assessments.

SABIC and Lenovo signed a memorandum of understanding to explore strategic collaboration in innovation, technology, and advanced industrial development.

SICO Bank identifies Sulaiman Al Habib, solutions, SABIC AN, and Americana as its preferred GCC stocks.

Twareat Medical Care provides an update on its lawsuit against SABIC.

SNT Energy secures a $23.2 million contract through its Saudi subsidiary, SNT Gulf, to supply air-cooled condensers to SABIC for an olefin plant recovery project in Saudi Arabia.

SABIC launched a new Ultem DU762 resin for smartphone components to replace metal, alongside a carbon fiber-reinforced compound with recycled materials for consumer electronics.

Sabic has introduced a new engineered plastic compound with 75% post-consumer recycled content for electronic housings, utilizing recycled polycarbonate and carbon fiber.

SABIC won an R&D 100 Award for its NORYL V0 laser-weldable resins, enhancing solar energy component manufacturing with improved durability and efficiency.

SABIC divested its underperforming Engineering Thermoplastics business in the Americas and Europe for $450 million to optimize its portfolio and improve profitability.

Mutares acquired SABIC's Engineering Thermoplastics business in the Americas and Europe for USD 450 million, creating NexPoint Materials with USD 2.5 billion in revenues.

Mutares has relaunched SABIC's former engineering thermoplastics business as NexPoint amidst a shift in North American resin markets favoring buyers.

SABIC returned to profitability in the first quarter with 13.2 million riyals but missed analyst expectations.

SABIC is a global petrochemical leader whose performance reflects worldwide industrial demand and chemical margin cycles.

SABIC and the Saudi petrochemical sector are struggling with global oversupply and logistical bottlenecks despite a slight recovery in prices.

Bupa Arabia renewed its contract to provide health insurance for SABIC employees and their families starting July 2026.

A public auction of industrial assets and specialized spare parts from SABIC's closed Murcia facilities is currently live on the Escrapalia portal.

SABIC is auctioning surplus industrial equipment and high-end spare parts from its decommissioned polycarbonate and HPP plants in Spain.

SABIC is auctioning specialized industrial equipment and spare parts from its decommissioned plants in Spain through the Escrapalia platform.

SABIC reported a 25% quarterly increase in adjusted EBITDA to 4.15 billion riyals in Q1 2026 while advancing major portfolio divestments and production expansions in China and Saudi Arabia.

Bupa Arabia is providing health insurance services for SABIC employees following a new contract award.