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May 12 2012

SABIC CEO receives honorary doctorate from University of Colorado, advises students to create and pursue vision

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Saudi Basic Industries Corporation

SABIC CEO receives honorary doctorate from University of Colorado, advises students to create and pursue vision
The University of Colorado - Boulder has conferred an honorary Doctor of Science degree on Mohamed Al-Mady, Saudi Basic Industries Corporation ( SABIC ) Vice Chairman and CEO.

Al-Mady, who earned his bachelor's degree in chemical engineering at the university in 1973, received the degree at a commencement ceremony on May 11. The university had previously honored Al-Mady in 2010 with the Distinguished Engineering Alumni Award as an "influential leader in the energy industry."

Addressing the university's students at an Engineering Recognition Ceremony on May 10, Al-Mady recalled the days when he was a young engineering undergraduate student almost 40 years ago, privileged to receive an education at the University of Colorado. "The lessons I learned here formed my future, not only in my career at SABIC but also my interest in continuing education," he said.

He advised the students to "continue to stretch your mind, push yourself to learn and create opportunities that challenge you. Throughout your life you will be amazed at the number of people who will tell you that what you want to achieve is too difficult, not worth the time, fraught with problems. Don't be dissuaded. Create your vision and pursue it - that is what this wonderful school taught me."

The University of Colorado - Boulder is the flagship university of the state of Colorado.

About SABIC
 Saudi Basic Industries Corporation ( SABIC ) ranks among the world's top petrochemical companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.

SABIC recorded a net profit of SR 29.24 billion (US$ 7.80 billion) in 2011. Sales revenues for 2011 totaled SR 189.90 billion (US$ 50.64 billion). Total assets stood at SR 332.78 billion (US$ 88.74 billion) at the end of 2011.

SABIC 's businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. SABIC has significant research resources with 17 dedicated Technology & Innovation facilities in Saudi Arabia, the USA, the Netherlands, Spain, Japan, India and South Korea. The company operates in more than 40 countries across the world with more than 33,000 employees worldwide.

SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific.

Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.

Samir Al-Abdrabbuh
Vice President,
Corporate Communications

© Press Release 2012

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