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Organizational Change

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Running Head: ORGANIZATION CHANGE 1

Organizational Change

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ORGANIZATIONAL CHANGE 2

Organizational Change

SABIC which is short for Saudi Basic Industries and corporation, it is a manufacturing

company based in Saudi Arabia, and it specializes in chemicals, fertilizers, metals and industrial

polymers. It was started in 1976, and its headquarters are in Riyadh, Saudi Arabia. The first

chairman of the company was known as Ghazi Abdul Rahman Al Gosaibi, who was the minister

of Industry and Electricity. The company is the most extensive public company in Saudi Arabia,

and this is according to Tadawul. The groups have its shares shared between the Saudi Arabia

government and private shareholders within the country. However, the government holds the

most significant percentage, of about 70%. Most of the individual shareholders are from the state

or nations of the Gulf Cooperation Council.

SABIC is at the top of the rankings of the most prominent chemical producers, and it has

been undergoing a series of changes, but the aim of the changes being to increase the companies'

innovation (Lyytinen, Newman, & Al-Muharfi, 2009). It was first started to change the oil by-

products into useful chemicals, fertilizers, and polymers. Due to its creation, the towns of Jubail

and Yanbu which were initially tiny fishing villages were transformed to the state of the

industrial art cities. The state of production has been rising significantly within the past years.

This is of course in comparison to its starting production.

SABIC has a vast manufacturing network, and this system subsequently has about 18

affiliates. Most of the branches are within the Al-Jubail Industrial City that is found on the Coast

of the Persian Gulf, and the other two are located in the Yanbu Industrial City. SABIC has a

subsidiary company that the company enjoys total control over, this is the Saudi Iron and Steel

Company that is found in Al-Jubail, and it is said to be one of the biggest fully integrated

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Running Head: ORGANIZATION CHANGE 1 Organizational Change Name Course Tutor Date ORGANIZATIONAL CHANGE 2 Organizational Change SABIC which is short for Saudi Basic Industries and corporation, it is a manufacturing company based in Saudi Arabia, and it specializes in chemicals, fertilizers, metals and industrial polymers. It was started in 1976, and its headquarters are in Riyadh, Saudi Arabia. The first chairman of the company was known as Ghazi Abdul Rahman Al Gosaibi, who was the minister of Industry and Electricity. The company is the most extensive public company in Saudi Arabia, and this is according to Tadawul. The groups have its shares shared between the Saudi Arabia government and private shareholders within the country. However, the government holds the most significant percentage, of about 70%. Most of the individual shareholders are from the state or nations of the Gulf Cooperation Council. SABIC is at the top of the rankings of the most prominent chemical producers, and it has been undergoing a series of changes, but the aim of the changes being to increase the companies' innovation (Lyytinen, Newman, & Al-Muharfi, 2009). It was first started to change the oil byproducts into useful chemicals, fertilizers, and polymers. Due to its creation, the towns of Jubail and Yanbu which were initially tiny fishing villages were transformed to the state of the industrial art cities. The state of production has been rising significantly within the past years. This is of ...
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