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FibeRio® Technology Corporation Announces Strategic Investment Financing Led by SABIC and Aster Capital
Date:2/25/2013

a net profit of SR 29.24 billion (US$ 7.80 billion) in 2011. Sales revenues for 2011 totaled SR 189.90 billion (US$ 50.64 billion). Total assets stood at SR 332.78 billion (US$ 88.74 billion) at the end of 2011.

SABIC’s businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. SABIC has significant research resources with 16 dedicated Technology & Innovation facilities in Saudi Arabia, the USA, the Netherlands, Spain, Japan, India and South Korea. The company operates in more than 40 countries across the world with around 40,000 employees worldwide.

SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific.

Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.

For more information, please visit http://www.sabic.com

About Aster Capital
Aster Capital is a leading energy and environment technologies focused venture capital firm sponsored by Schneider Electric, Alstom and Solvay, global leaders in the energy and chemicals industries, and the European investment fund through the Competitiveness and Innovation Framework Programme. They have jointly invested in Aster’s second $135 million investment fund. With a total of $200 million under management, Aster aims to proactively leverage the expertise of these sponsors to support its portfolio companies in their further development. Aster Capital has offices in Paris, San Francisco, Shanghai, Tel Aviv and Tokyo.

For more information, please visit '/>"/>

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