A Strategic Step Toward Growth
The Saudi Basic Industries Corporation (SABIC) completed yesterday, August 3, 2026, the divestment of its Engineering Thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co for an enterprise value of $450 million.
Meanwhile, Dr. Faisal M. Alfaqeer, SABIC’s CEO and Executive Board Member, said the transaction strengthens portfolio optimization, supports sustainable profitability, and maximizes shareholder returns through sharper strategic focus.
Building Long-Term Value
Furthermore, the completion of the divestment improves profitability by exiting underperforming assets, reducing losses, enhancing ROCE, and boosting EBITDA margins by approximately 130–140 basis points.
Additionally, SABIC continues serving global customers through innovation while successfully completing the transaction announced on January 8, 2026, after meeting all regulatory approvals and customary closing conditions.
