HOUSTON--(BUSINESS WIRE)--SABIC announced today that it is donating $200,000 to the American Red Cross Texas Gulf Coast Region to assist with relief efforts in communities affected by Hurricane Harvey.
“SABIC is committed to supporting communities impacted by this devastating natural disaster in their time of need. We hope that this donation can help these communities recover and rebuild,” said Mohammed al Wakeel, Vice President, US Growth Projects.
“Our thoughts are with members of the Gulf Coast community and the surrounding area who are experiencing the effects of Hurricane Harvey,” Greg Adams, Vice President, Americas, said.
The American Red Cross is mounting a massive relief effort in the face of the most devastating hurricane to strike the Gulf Coast in more than a decade. Donations to assist with Hurricane Harvey relief can be made at: https://www.redcross.org/donate/donation
NOTES TO EDITORS
- SABIC and brands marked with ™ are trademarks of SABIC or its subsidiaries or affiliates.
- High-resolution photos are available upon request
- SABIC should be written in every instance in all uppercase
SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.
We support our customers by identifying and developing opportunities in key end markets such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy.
SABIC recorded a net profit of SR 17.84 billion (US$ 4.76 billion) in 2016. Sales revenues for 2016 totaled SR 132.83 billion (US$ 35.42 billion). Total assets stood at SR 316.89 billion (US$ 84.5 billion) at the end of 2016. Production in 2016 stood at 72.7 million metric tons
SABIC has more than 40,000 employees worldwide and operates in more than 50 countries. Fostering innovation and a spirit of ingenuity, we have 12,077 global patent filings, and have significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South East Asia and North East Asia.
The Saudi Arabian government owns 70 percent of SABIC shares with the remaining 30 percent publicly traded on the Saudi stock exchange.