SABIC Pension Fund

SABIC Pension Fund

Stichting Pensioenfonds SABIC (SPF) operates as an independent foundation from Sittard, Netherlands, managing pension commitments for Dutch SABIC entities. The fund serves employees of SABIC Europe B.V. and SABIC Innovative Plastics B.V., with its administration handled by DSM Pension Services under the parentage of Pensioenfonds DSM Nederland (PDN). The portfolio combines direct property holdings with sovereign fixed income. The fund holds stakes in AB Sagax, a Stockholm-listed commercial real estate company, and the Abacus Group, a diversified Australian REIT, alongside its subsidiary Abacus Storage King in the industrial sector. A global sovereign bond book adds a liquidity sleeve, while the fund adheres to the Principles for Responsible Investment, signaling an integration of ESG factors into manager selection and monitoring. SPF is affiliated with the Pensioenfederatie, the Dutch industry body, and its governance rests with a board overseeing policy and asset allocation. Stuf Kaasenbrood, the former deputy chairman who passed away in 2024, represented long-tenured fiduciary leadership at the fund. The fund's structure as a dedicated single-sponsor scheme for a major corporate group — with administration outsourced to a peer pension fund's service arm — creates a lean operating model that concentrates in-house resources on investment strategy rather than back-office processing.