In a memorable scene from the film The Graduate, a family friend offers the lead character, played by Dustin Hoffman, some simple career advice: “I want to say just one word to you. Just one word. Plastics.”
It has certainly been a lucrative industry for Saudi Basic Materials Corporation (Sabic), the state-controlled giant that has emerged as a global player in plastics, chemicals, fertilisers and metals (which are used to make golf clubs), with operations spanning from the US to China.
With a market capitalisation of over $70bn Sabic is by some distance the largest listed company in the Gulf, and makes up more than a fifth of Saudi Arabia’s Tadawul stock market.
No comments:
Post a Comment