Sabic Full-Year Report 2022

Sales +13%.

Gross Profit -11%

Sales of SAR 198.47 billion compared to SAR 174.88
billion, an increase of SAR 23.58 billion or 13%,
primarily driven by higher quantities sold noted in
all segments by 9% and increase in average selling
prices by 4%. Petrochemicals and Specialties sales
amounted to SAR 164.85 billion, an increase of SAR
14.97 billion or 10% compared to 2021. It represents
83% of the total group’s sales in 2022. Agri-nutrients
sales amounted to SAR 18.23 billion an increase of
SAR 6.04 billion or 50% and Hadeed sales amounted
to SAR 15.39 billion, an increase of SAR 2.58 billion or
20%, compared to 2021.

Petrochemicals and Specialties revenues increased
from SAR 149.9 billion in 2021 to SAR 164.8 billion in
2022, an increase of SAR 14.97 billion or 10%, driven
by an increase in sales volumes by 7% and increase
in average sales prices by 3%.