Bloomberg News

Sabic CEO Says Seeking Partnerships With ’Advanced Companies’

October 12, 2011

Oct. 12 (Bloomberg) -- Saudi Basic Industries Corp. is seeking partnerships with “advanced companies” and is expanding its steel unit, Chief Executive Officer Mohammed Al- Mady told Dubai-based CNBC Arabiya today.

Al-Mady said petrochemicals prices are good and that he is confident the state’s gas price will be encouraging.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at

To contact the editor responsible for this story: Inal Ersan at

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