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Saudi Basic Industries Corp

Saudi Basic Industries Corp latest

Sabic bought its stake in Clariant in January 2018.
October 28th, 2019 - 09:54 GMT

Sabic Reports 86 Percent Drop in Q3 Net Profit

Saudi Basic Industries Corp (Sabic) on Sunday reported an 86 per cent drop in third-quarter net profit after taking an impairment charge of SR1.5 billion ($400 million) on its investment in Swiss chemicals firm Clariant. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-4…","video_id":"4e8dbd33-5fd5-480c-9ed1-b944b8f49d76","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 World’s Workplaces 2019"} Sabic also warned that the new capacity in key product lines that has pressured its prices and margins this year would persist into 2020. "Given the current market conditions I ...
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Economy expands in Q4 on boost from crude; non-oil growth slows. (Shutterstock)
April 1st, 2019 - 06:38 GMT

Saudi Arabia's Government Debt to Soar to $181 Billion

Aramco's purchase of a 70 percent stake in the company would look to integrate assets with Aramco to boost growth. (Twitter)
March 31st, 2019 - 07:52 GMT

Aramco's Acquisition Will Not Affect SABIC's Investment Plans

Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude. (Shutterstock)
July 19th, 2018 - 08:02 GMT

Aramco Mulls over Acquisition a Stake in SABIC

The SABIC-Shell joint venture includes six world-scale petrochemical plants with a total output of more than 4m metric tons per year. (File photo)
January 23rd, 2017 - 09:30 GMT

SABIC buys out Shell's share in petrochem joint venture

Al Bawaba
December 14th, 2015 - 06:30 GMT

Gulf stocks take a tumble with oil at seven-year low

Al Bawaba
November 16th, 2015 - 06:53 GMT

MENA stocks drop to 2015 lows in aftermath of Paris attacks, oil slump

Saudi Basic Industries Corp (SABIC), the Gulf’s biggest list company and one of the world’s top petrochemical producers, will pay two months’ basic salary to Saudi employees.
February 4th, 2015 - 04:55 GMT

Imitating royal handouts: Saudi Arabia's largest companies to issue free bonuses (to nationals only of course)

The Gulf’s largest listed company earned SAR4.36 billion ($1.16 billion) in the three months to Dec. 31 compared to SAR6.16 billion a year earlier,
January 19th, 2015 - 04:55 GMT

Oil slump slashes SABIC’s profits by 29%

The pull back then snowballed due to panic selling and, possibly, margin calls, according to market players.
October 12th, 2014 - 11:55 GMT

The snowball effect: Saudi, UAE stock markets tumble after global sell-off

Al Bawaba
September 2nd, 2014 - 10:03 GMT

UAE corporate earnings go through the roof by $8 billion in H1

Al Bawaba
August 19th, 2014 - 12:04 GMT

Opening up to foreigners and getting high: Saudi stocks on six-and-a-half year peak

He added that Africa was a very promising market for Sabic and the company was focusing on opening distribution centres in a number of African countries.
July 20th, 2014 - 01:55 GMT

Right on spot: Sabic profits rise 7% despite imminent shale boom

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