SABIC responds quickly to unforeseen price changes, supply chain disruptions: Acting CEO

Abdulrahman Al Fageeh CEO SABIC

Saudi Basic Industries Corp.'s (SABIC) business strategy is implemented over various time horizons with simultaneous progress, Acting CEO Abdulrahman Al Fageeh said noting that in the short term and with the aid of digital technologies, the company responds quickly to unforeseen price changes and supply chain disruptions.

In the long term, SABIC will change its governance framework to include responsibility into any firm that meets the organization's sustainability objectives, SPA reported, citing Al Fageeh during a panel discussion at the Future Investment Initiative (FII).

SABIC continues in the medium term to develop proactive innovative technologies, expand its supply chain and logistical networks, and invest in human resources, being one of the company’s key assets. The company continues to work on specialized qualification program to make innovative leaders.