Saudi Arabia’s petrochemicals giant Sabic (Aramco 70%, free float 30%) celebrated its 50th anniversary last month, but the Golden Jubilee has come during one of the most challenging periods in the company’s history. Iranian attacks on shipping in the Strait of Hormuz have tested its resilience, forcing Sabic to reroute exports from its core Jubail facilities where possible. But amid this disruption, Sabic has pressed ahead with its portfolio optimization and growth programs that it hopes will set the company up for long-term growth.
“The year 2026 has been nothing short of historic for Sabic,” CEO Faisal Alfaqeer told MEES this week (MEES, 16 October for transcript). Mr Alfaqeer, who became CEO in April, said his priorities for the company revolve around three pillars, all of which made progress this year; the Portfolio Optimization Programme, Transformation Programme and Selective Growth. (CONTINUED - 949 WORDS)
