‘SABIC Capital Ltd.’ formed in the Netherlands

Riyadh, October 28, SPA -- The Saudi Basic Industries Corporation
(SABIC) has announced the establishment of a new wholly-owned
company.

The company, SABIC Capital Ltd., is based in the
Netherlands, according to a latest report of carried by the
Corporation's website.


Mohamed Al-Mady, SABIC Vice Chairman and CEO, said the new company
will be primarily responsible for the financing and tax operations of
SABIC’s investments in Europe and USA following the acquisition of
DSM Petrochemicals, GE Plastics, and other acquisitions.

--SPA