Riyadh, October 27, 2022, SPA -- The Saudi Basic Industries Corporation (SABIC) participated in the sixth edition of the Future Investment Initiative (FII), which was held in Riyadh from 25 to 27 October 2022. SABIC's acting CEO, Eng. Abdulrahman bin Saleh Al-Fageeh, stated during a panel discussion on the investments needed over the next 50 years that the company's business strategy is implemented over various time horizons, noting that in the short term and with the aid of digital technologies, the company responds quickly to unforeseen price changes and supply chain disruptions. In the long term, he continued, SABIC will change its governance framework to include responsibility into any firm that meets the organization's sustainability objectives. He stated that the company will continue to develop innovative technologies, expand its supply chain and logistical networks, and invest in human resources. --SPA 20:30 LOCAL TIME 17:30 GMT 0051 www.spa.gov.sa/w1804847