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10-14-2011

Sabic: Named "Company of the Year – Chemicals"

Saudi Basic Industries Corporation (Sabic) has been named ‘Company of the Year – Chemicals’ by the People’s Choice Stevie Awards – a unique award that is judged each year by leading figures in business worldwide. Amidst a gathering of global dignitaries, Mohamed Al-Mady, Sabic CEO and Vice Chairman, received the award at the Eighth Annual International Business Awards function held in Abu Dhabi on October 11 under the patronage of Shekha Lubna Al-Qassimi, UAE Minister of Foreign Trade.

Sabic won the award after a detailed, two-phased voting and evaluation process of nominees from July 28 to September 9, 2011. In the preliminary stage, 35,000 top-ranking business professionals from around the world cast their votes, after which specialized committees made a final choice based on the voting scores.

The Washington-based Stevie Awards committee screens the companies in various metrics including Growth, Innovation and Integrity. The awards were created in 2002 to honor and generate public recognition of the efforts, accomplishments, and positive contributions of companies and business people worldwide. The awards, which are governed by a board of top executives, association leaders, business press, and business academics, are conferred in four programs: American Business Awards, International Business Awards, Stevie Awards for Women in Business, and Stevie Awards for Sales & Customer Service.

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