11 September 2018
SABIC PERFORMANCE SNAPSHOT IN 2017
Annual revenue, SR 149.8 billion.
Net income, SR 25.5 billion.
Tonnage produced, 71.2 MMT.
RATIOS
2017 | 2016** | |
---|---|---|
EBIT margin | 19.36% | 18.00% |
EBITDA margin | 29.28% | 28.37% |
Net Debt to EBITDA* | -0.12 | 0.068 |
Total Liabilities/Total Assets | 34.83% | 35.61% |
Total Debt/Equity | 27.63% | 44.13% |
Book value per share (SR) | 54.64 | 52.51 |
Current ratio | 2.44 | 2.6 |
Trade receivables in days | 55.1 | 50.67 |
Product inventory in days | 94.00 | 87.00 |
* including short-term investments with maturities > 3 months **Adjusted to reflect the transition to IFRS as endorsed in KSA from the previous SOCPA GAAP |
DETAILS
All regulatory approvals received
for SABIC’s 24.99% stake in Clariant
Unconditional closing of purchase to take place
in the next days
After closing, SABIC becomes
Clariant’s largest strategic anchor shareholder
Clariant, a world leader in specialty chemicals,
today announced that SABIC has received
the final outstanding regulatory approvals
from the competition authorities
for the purchase of a 24.99% stake in Clariant.
Therefore, an unconditional closing of the purchase
will take place in the next days which makes
SABIC Clariant’s largest strategic anchor shareholder,
and second anchor shareholder
beside the group of former shareholders of Süd-Chemie.
SABIC, the world’s third largest diversified chemical company
and a long-standing partner of Clariant
in the Catalyst joint venture Scientific Design,
entered into a purchase agreement regarding
the acquisition of the stake in Clariant in January 2018.
Hariolf Kottmann,
CEO of Clariant
“With SABIC receiving all the regulatory approvals
and the transaction set to be completed,
we look forward to further developing the strategic relationship
between both companies in order to
generate value for all stakeholders”
CORPORATE MEDIA RELATIONS
JOCHEN DUBIEL
Phone +41 61 469 63 63
jochen.dubiel@clariant.com
CLAUDIA KAMENSKY
Phone +41 61 469 63 63
claudia.kamensky@clariant.com
THIJS BOUWENS
Phone +41 61 469 63 63
thijs.bouwens@clariant.com
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