SABIC Reaffirms its Strategy for Sustainable Growth at FII
The Saudi Basic Industries Corporation (SABIC) participated in the sixth edition of the Future Investment Initiative (FII), which was held in Riyadh from 25 to 27 October.
SABIC's acting CEO, Eng Abdulrahman bin Saleh Al-Fageeh, stated that the company's business strategy is implemented over various time horizons.
During a panel discussion on the 'investments needed over the next 50 years', he said, "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, he continued, SABIC will change its governance framework to include responsibility into any firm that meets the organization's sustainability objectives.
He stated that the company will continue to develop innovative technologies, expand its supply chain and logistical networks, and invest in human resources.