SABIC ranked third most valuable brand in the chemicals industry

Saudi Basic Industries Corp. (SABIC) was recently recognized as one of the world’s most valuable brands in the chemicals industry in a new report published by Brand Finance, an independent business valuation and strategy consultancy.

The 2019 edition of the Brand Finance Chemicals 10 report places SABIC among the top three global chemicals companies and estimates the brand value as being $3.964 billion.

The ranking marks a fifth consecutive year of growth for SABIC and an almost 6 percent increase on the 2018 valuation.

SABIC is the only company from the Middle East to be included in the 2019 report.

“Our dedicated employees have helped us earn the trust of customers across the globe and we are committed to further enhancing company performance – as evidenced in our successful transformation program. These efforts ensure that our brand value will only continue to surge in the future,” Yousef Al-Benyan, SABIC Vice Chairman and CEO, said.