SABIC, the Saudi Basic Industries Corporation, was established in 1976 to add value to Saudi Arabia's natural hydrocarbon resources. SABIC is the largest and most profitable non-oil company in the Middle East and one of the world’s10 largest petrochemicals manufacturers. It is a public company based in Riyadh: the Saudi Arabian government owns 70% of its shares, and the remaining 30% are held by private investors in Saudi Arabia and other countries of the Gulf Cooperation Council. SABIC has four corporate departments: Corporate Finance, Corporate Human Resources, Corporate Control, and Research and Technology (R&T).
SABIC's businesses are grouped into six strategic business units (SBUs), organized by product. These are: Basic Chemicals, Intermediates, Polymers, Specialized Products, Fertilizers, and Metals. These six business units make four different kinds of products: Chemicals – Basic Chemicals, Intermediates and Specialized Products (three SBUs), Plastics – Polymers (one SBU), Fertilizers (one SBU) and Metals (one SBU) six strategic business units, supported by corportate departments and a Shared Services organization. SABIC's manufacturing network in Saudi Arabia consists of 17 affiliates. Most of these are based in the Al-Jubail Industrial City on the Arabian Gulf.