Saudi Basic Industries Corporation

Saudi Arabian Basic Industries Corporation (SABIC; English: Saudi Basic Industries Corporation, SABIC; الشركة السعودية للصناعات الأساسية ، سابك) was founded in 1976, is headquartered in Riyadh, and is majority owned by the Saudi government. shares, is one of the world's largest chemical companies. Saudi Basic Industries Corporation (SABIC) was ranked 201st in the 2013 Fortune 500 ranking.