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SABIC approves increase in capital to SR 30 Billion Riyadh 5
Published in Saudi Press Agency on 01 - 04 - 2008

Mady said that SABIC continued construction work on a series of projects aimed at increasing its national contributions and strengthening its competitive position in the world markets.
The projects are, the YANSAB complex in the Yanbu Industrial City, which is expected to go on stream in the second half of the current year with an annual capacity of approximately four million tons; the SAUDI KAYAN complex in Jubail Industrial City, which is expected to begin production in the first half of 2010 with an annual capacity of about six million tons; the SHARQ expansion project which will add 2.8 million tons by the end of 2008; and the IBN ZAHR expansion project which will add half a million tons in the last quarter of this year.
Al-Mady said that last year SABIC completed the first phase of the EMDAD supply chain project and began the second phase.
EMDAD is a strategic project adopted by the company to build close, long-term relationships with customers and suppliers.
SABIC also developed a new strategy for its mission in the area of social responsibility, reassuring its national belongingness and its keenness to develop its role in the various communities in which it operates.


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