SABIC Becomes Largest Patent Developer In The Middle East

SABIC Becomes Largest Patent Developer In The Middle East

The petrochemicals giant said that it filed 373 patent applications in 2013 and applied for 159 applications in the first quarter of this year.The company, majority owned by the Saudi government, recorded a net profit of SAR25.3 billion ($6.7 billion) in 2013, with sales revenues reaching SAR189 billion ($50.4 billion).