Saudi Arabia Fertilizers Company (Safco) said on Tuesday its first-quarter net profit tumbled 30 per cent from a year ago, missing analysts' forecasts due to lower sales and prices of its products.
It is the seventh quarter in
Saudi Arabia Fertilizer Company (Safco) said on Monday its board has proposed a cash dividend of SR3 ($0.8) per share for the second half of 2014.
The figure, announced in a bourse statement, is down from the SR6 per share that th
Saudi Arabia Fertilizers Company (Safco) reported a 24.4 per cent rise in third-quarter net profit on Sunday, beating analysts' forecasts and ending a sustained profit slump as sales prices and sales volumes increased.
Fertilisers that can combat nutrition deficiencies will be a major opportunity for GCC producers, according to an industry expert who spoke at a key convention in Dubai, UAE.
“Fertiliser producers in the Gulf region should l
The fertiliser manufacturers in the GCC region must diversify their portfolios to withstand future oil and gas feedstock challenges, said a top industry official.
"GCC producers must diversify their fertiliser portfolio to in
Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) has signed a financing package in Dubai to construct a greenfield $1.2 billion urea fertilizer project in Port Harcourt, Nigeria.
The financing for the project includes $80
Saudi Arabian Fertilizers Company (Safco) posted a 10.3 per cent decline in fourth-quarter net profits, missing analyst forecasts, due to lower urea prices, the firm said in a bourse statement on Saturday.
Safco, the affiliate of
Moody's has affirmed the A1 senior unsecured ratings of Saudi Basic Industries Corporation (Sabic) and its guaranteed subsidiary Sabic Capital with a positive outlook.
Moody's affirmation of Sabic's A1 ratings reflects the sign
Saudi Arabian Fertilizers Company (Safco) said on Saturday it would give shareholders a cash dividend of 6 riyal ($1.6) for the first half of 2008, double its level a year earlier.
The dividend, approved by directors at a board meeting on