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Oct 15 2011

SABIC Named 'Company of the Year - Chemicals'


Jeddah - Saudi Basic Industries Corporation ( SABIC ) has been named 'Company of the Year - Chemicals' by the People’s Choice Stevie Awards - a unique award that is judged each year by leading figures in business worldwide.

Mohamed Al-Mady, SABIC CEO and Vice Chairman, received the award at the Eighth Annual International Business Awards function held in Abu Dhabi on October 11 under the patronage of Sheikha Lubna Al-Qassimi, the UAE Minister of Foreign Trade.

SABIC’s overall production has increased from 35 million metric tons in 2001 to 66 million metric tons in 2010, according to a press report published today.

Al-Mady said ' SABIC has won this honor due to its leading position in the global petrochemical industry.

It is a result of SABIC’s global teamwork, and is a reflection of our remarkable business achievements. We are pursuing the right policies in serving our customers, and are eager to continue leading the industry forward.'

© Saudi Press Agency 2011

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