Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Basic Industries Corporation    2010   SA0007879121

SAUDI BASIC INDUSTRIES CORPORATION

(2010)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Saudi Basic Industries : Sabic Signs Agreement With Moh To Encourage Healthcare Innovation And Boost Local Content

11/21/2020 | 05:31am EST

SABIC and the Ministry of Health (MoH) signed an agreement at the SABIC Plastic Applications Development Center (SPADC) in Riyadh on November 15 to support the localization of medical industries, help find innovative treatment solutions, and develop new technologies.

Dr. Tawfiq Al-Rabiah, Minister of Health, Yousef Al-Benyan, SABIC Vice Chairman and CEO, and a number of ministerial officials and SABIC executive leaders attended the signing. The ministry's Innovation Center and SABIC's Local Content and Business Development Unit played a key role in realizing the agreement.

The agreement seeks to help local healthcare manufacturers improve manufacturing processes, encourage the exchange of scientific and technical knowledge, enhance the level of local content, and upgrade medical services.

Al-Rabiah and his delegation were introduced to SABIC's innovative healthcare solutions at SPADC. A video on the ministry's Innovation Center was also screened.

SABIC's 'Thank You' initiative was launched at the event, appreciating the efforts of healthcare workers who are on the front line in the fight against COVID-19. As part of the initiative, gift boxes containing pandemic-safe items were presented to medical teams.

SABIC and MoH have jointly initiated a number of programs as part of their response to COVID-19 including 'You are Excused, Returning Cautiously, and Seasonal Influenza Campaign.'

The Ministry's Innovation Center, which was established in 2016, is the first of its kind in the government sector. It is responsible for developing ideas and accelerating the implementation of key healthcare projects.

Disclaimer

SABIC - Saudi Basic Industries Corporation SJSC published this content on 17 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2020 10:30:03 UTC


© Publicnow 2020
All news about SAUDI BASIC INDUSTRIES CORPORATION
03:26aSAUDI BASIC INDUSTRIES : SABIC And Plastic Energy Set To Start Construction Of P..
PU
01/13SAUDI BASIC INDUSTRIES : NUSANED INVESTMENT™ Inaugurates New Office, Launc..
PU
01/12YEAR-IN-REVIEW : SABIC IN ROA Supports Communities AMIDST COVID-19 Challenges
PU
2020SAUDI BASIC INDUSTRIES : SABIC's NusanedTM projected contribution to GDP rises t..
PU
2020SABIC seeks Clariant chairman's ouster in post-Christmas coup
RE
2020CLARIANT : Major Shareholder SABIC Calls for Special Dividend, Term Limit for Bo..
MT
2020SAUDI BASIC INDUSTRIES : SABIC Highlights Its Post-COVID-19 Steel Business Strat..
PU
2020SAUDI BASIC INDUSTRIES : NUSANED Investment™ signs deal to promote local p..
PU
2020SAUDI BASIC INDUSTRIES : SABIC Joins Forces With KRAUSSMAFFEI'S High-Performance..
PU
2020SAUDI BASIC INDUSTRIES : SABIC Collaborates With BEIERSDORF To Implement Sustain..
PU
More news
Financials
Sales 2020 117 B 31 195 M 31 195 M
Net income 2020 2 861 M 763 M 763 M
Net Debt 2020 12 022 M 3 205 M 3 205 M
P/E ratio 2020 158x
Yield 2020 3,11%
Capitalization 312 B 83 167 M 83 178 M
EV / Sales 2020 2,77x
EV / Sales 2021 2,48x
Nbr of Employees 35 000
Free-Float 30,0%
Chart SAUDI BASIC INDUSTRIES CORPORATION
Duration : Period :
Saudi Basic Industries Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAUDI BASIC INDUSTRIES CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 86,28 SAR
Last Close Price 104,00 SAR
Spread / Highest target 7,69%
Spread / Average Target -17,0%
Spread / Lowest Target -48,1%
EPS Revisions
Managers and Directors
NameTitle
Yousef bin Abdullah Al-Benyan Vice Chairman & Chief Executive Officer
Khalid H. Al-Dabbagh Chairman
Timothy D. Leveille Executive Vice President-Corporate Finance
Bob Maughon Executive Vice President-Technology & Innovation
Abdullah Mohammed bin Ibrahim Al-Issa Non-Executive Director
Sector and Competitors