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