‎SABIC divests specialty engineering plastics business in Europe, Americas

‎<p><img src="https://argaamplus.s3.amazonaws.com/8f82dce8-a6c8-4a36-8289-ec2102f71ff3.png"></p> <p class="ckeCaption" ><!--StartFragment-->SABIC said the divestment marks a key milestone in its portfolio optimization strategy,<!--EndFragment--></p> <hr> <div data-olk-copy-source="MessageBody" >Saudi Basic Industries Corp. (<a href="https://www.argaam.com/en/tadawul/tasi/sabic" target="_blank">SABIC</a>) completely divested its specialty engineering plastics business in North America, South America and Europe on Aug. 3, 2026.</div> <div data-olk-copy-source="MessageBody" ></div> <div> <p >This came after fulfilling all closing conditions, including obtaining the required regulatory approvals and completing all separation activities.</p> <p ></p> <p >In a <strong>Tadawul</strong> filing, SABIC said the transaction marks a key milestone in its portfolio optimization strategy, which includes exiting structurally underperforming assets, significantly reducing cash losses, enhancing return on invested capital and creating long-term shareholder value.</p> <p ></p> <p >The divested business recorded operating losses of approximately SAR 1.9 billion for 2025, and around SAR 648 million for the six months ended June 30, 2026.</p> <p ></p> <p >SABIC added that separating the business improved its pro forma EBITDA margin by approximately 130 to 140 basis points.</p> <p ></p> <p >The financial impact of the transaction, including the preliminary gain or loss on disposal, has been reflected in its consolidated financial statements in accordance with applicable accounting standards.</p> <p ></p> <p >The recognized gain or loss remains preliminary and is subject to customary fair value adjustments during the applicable measurement period.</p> <p ></p> <p >The two parties will continue to complete customary post-closing settlement procedures and purchase price adjustment mechanisms in line with the sale and purchase agreement.</p> </div>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

4th August 2026

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argaam.com

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