RIYADH — Sabic has launched the ‘Back to School' program in various regions of the Kingdom, coinciding with the new school year. The program is being conducted in partnership with the Ministry of Social Affairs and in collaboration with the Sabic Employees Charity Fund (BERR). The program targets 60,000 primary and middle school students, providing them with bags filled with basic school supplies. Sabic employees in Riyadh, Jubail, Yanbu, Dammam and Jeddah, along with a number of volunteers from outside the company, participated in the program by helping to fill the school bags.
The BERR Fund collaborates with several charities, as well as the Ministry of Social Affairs, in distributing the school bags around the Kingdom. The ‘Back to School' program is part of Sabic's Corporate Social Responsibility strategy to serve the community. It goes in line with Sabic's CSR objectives, which focus on education, health care, environmental protection, water and sustainable agriculture. The participation of Sabic employees in organizing this program demonstrates the importance attached by Sabic to volunteerism and its keenness to promote community awareness. Saudi Basic Industries Corporation (Sabic) ranks as the world's second largest diversified chemical company. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers. Sabic recorded a net profit of SR23.3 billion ($6.2 billion) in 2014. Sales revenues for 2014 totaled SR188.1 billion ($50.2 billion). Total assets stood at SR340 billion ($ 90.7 billion) at the end of 2014. Headquartered in Riyadh, Sabic was founded in 1976 when the Saudi Arabian government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of Sabic shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.— SG
