SABIC stock: Fujian complex on track for Q4 2026 startup
Published on 11/12/2026 at 00:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFujian startup supports growth plans
- SABIC expects its Fujian petrochemical complex to begin operations in the fourth quarter of 2026 after successful trial runs.
- The company has delivered 950 million US dollars of recurring EBITDA improvement toward its 3 billion US dollar 2030 target.
- SABIC lowered its 2026 capital expenditure guidance to 3.3 billion US dollars as it prioritizes capital efficiency.
SABIC's Fujian petrochemical complex remains on track to start operations in the fourth quarter of 2026 after three plants completed trial runs, Arab News reported on October 26. Chief Executive Faisal Al-Faqeer said the plants, which mainly produce polyethylene and polypropylene, completed the trials on their first attempt.
The update adds an execution milestone to SABIC's selective-growth strategy in China and Asia. The company reported adjusted third-quarter net income of 224.3 million US dollars, recovering from an adjusted loss of 101.4 million US dollars in the second quarter. Revenue rose 14 percent quarter on quarter to 7.52 billion US dollars, while adjusted EBITDA increased 40 percent to 1.26 billion US dollars, according to Arab News.
Transformation remains a key earnings lever
SABIC said its transformation program had generated 950 million US dollars of recurring EBITDA improvement year to date, against a target of 3 billion US dollars by 2030. Management said the gains come from structural cost reductions, production reliability and commercial performance.
The company also lowered its 2026 capital expenditure guidance to 3.3 billion US dollars, citing capital efficiency and project prioritization. Separately, SABIC Agri-Nutrients approved a new Jubail facility expected to produce 2.6 million tonnes of urea and 1.2 million tonnes of ammonia annually, with commercial operations planned for the fourth quarter of 2030.
Tadawul quote and investor context
SABIC stock traded at 48.50 Saudi riyals on Tadawul at 3:17 p.m. Riyadh time on Wednesday, November 11, 2026.
Global chemicals platform
SABIC is headquartered in Riyadh and operates across Chemicals, Polymers and Agri-Nutrients. The company serves customers in more than 140 countries across the Americas, Europe, the Middle East and Africa, and Asia Pacific. SABIC describes itself as one of the top three largest global chemical companies. Its diversified portfolio and geographic reach distinguish it from more specialized chemical producers, although its earnings remain exposed to industry cycles, feedstock costs and logistics.
SABIC company facts
- Company: Saudi Basic Industries Corporation
- ISIN: SA0007879121
- Ticker: 2010
- Exchange: Tadawul
- Share price: 48.50 Saudi riyals at 3:17 p.m. Riyadh time on November 11, 2026
Saudi equities remain part of the broader regional market environment; see Current market reports.
