Sports | Sunday 29 March, 2015 2:40 pm |

Hail Governor Prince Saud bin Abdulmohsin bin Abdulaziz, Chairman of the High Commission for the Development of Hail Region and Chairman of the Hail Rally Organizing Committee, honored SABIC for once again participating in the nine-day Hail International Rally 2015 as the Diamond Sponsor.

SABIC, represented by Saad bin Husain, Sr. Manager, Cultural Activities and Support Services, received the honorary plaque at the closing ceremony of the rally in Almughwah on March 22, in the presence of Prince Abdulaziz bin Saad bin Abdulaziz, Deputy Governor of Hail, and Prince Abdullah bin Khaled bin Abdullah, Assistant Chairman of the High Commission for the Development of Hail Region and Chairman of the Executive Committee.

Commenting on SABIC’s continued support for the rally, Yousef Abdullah Al-Benyan, SABIC acting CEO, praised the dedicated efforts of the Hail Governorate, led by Prince Saud. Under his leadership, the region has witnessed rapid economic development, including considerable tourism growth. Al-Benyan valued the continuing success of the Hail Rally ever since its first launch in 2006 as a local event, growing to be a global sporting experience.

Al-Benyan stressed that SABIC is committed to implement its social responsibility strategy, which involves a number of programs for the benefit of the community. He explained that the company has yet again demonstrated its social role and its emphasis on promoting national events. By supporting the rally, SABIC is contributing to the economic development of Hail, particularly in areas of recreation and tourism.

The Hail Rally is overseen by several local and global bodies such as the Internationale de l'Automobile (FIA), Saudi Arabian Motor Federation, the High Commission for Development of Hail Region, and the Saudi Commission for Tourism and Antiquities. The rally has spawned many allied activities in the region, providing job opportunities for the local youth. Besides, the rally comprises many cultural and entertainment activities.

About SABIC

Saudi Basic Industries Corporation (SABIC) ranks as the world’s second largest diversified chemical company. 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 23.3 billion (US$ 6.2 billion) in 2014. Sales revenues for 2014 totaled SR 188.1 billion (US$ 50.2 billion). Total assets stood at SR 340 billion (US$ 90.7 billion) at the end of 2014.

SABIC’s businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. SABIC has significant research resources with 19 dedicated Technology & Innovation facilities in Saudi Arabia, the USA, the Netherlands, Spain, Japan, India, China and South Korea. The company operates in more than 45 countries across the world with around 40,000 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.