Launch of Sabic Innovative Plastics Broadens Sabic's Worldwide Presence

摘要

Announcing the launch of Sabic Innovative Plastics(Sabic IP),the Chairman of Saudi Basic Industries Corporation(Sabic),Prince Saud bin Abdallah bin Thenayan al-Saud,pointed out that the acquisition of GE Plastics had broadened Sabic's plastics portfolio and given it access to new markets."We were able to secure the required financing due to recognition of Sabic in the global financial and capital markets,the sound business profile of Sabic Innovative Plastics and its world-class diversified product portfolio," said Sabic's Vice-Chairman and Chief Executive Officer,Mr.Mohamed al-Mady."Hence,we successfully completed the deal on time,despite the prevailing turbulence in the global credit markets."