Thursday 24 July 2014
 
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Saudi Basic Industries Corporation

Sabic sponsors industrial innovation award

The Saudi Basic Industries Corporation (Sabic) sponsored the Industrial Innovation Award which was presented to developers of new ideas for industrial projects at a ceremony held in Riyadh yesterday (May 18). Dr Tawfiq Al-Rabiah,

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Sabic expects continued demand from China, Europe

Saudi Basic Industries Corporation (Sabic) expects demand to continue in 2012 from China and Europe and plans to start projects in the manufacturing industry next quarter, its chief executive told Reuters.      &#

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Sabic upbeat on 2011, to resume Japan ops

Saudi Basic Industries Corporation's (Sabic) chief executive said he was optimistic on the firm's outlook this year, with growth expected to come in Asian markets. Mohammed al-Mady also told Reuters on Sunday that Sabic shut down i

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Sabic's US affiliate, Lummus in tech deal

Saudi Basic Industries Corporation (Sabic) said on Tuesday its US subisidiary Sabic Americas has signed a deal with Lummus Technology to develop a technology to produce paraxylene. The deal would allow Sabic Americas and Lummus, part of CB

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Sabic opens Cape Town office

Saudi Basic Industries Corporation (Sabic) has launched its new office in Cape Town, South Africa. “This new facility will not only strengthen Sabic’s existing business relationships in South Africa, but will also improve the company’s sal

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Sabic inks $1.2 billion loan

Saudi Basic Industries Corporation (Sabic) said it had signed a credit facilities worth 4.5 billion  riyals ($1.2 billion) as part of overall project funding at the world's biggest petrochemical group. Sabic si

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Moody's assigns stable rating to Sabic bond issue

Moody's Investors Service has assigned a (P) A1 senior unsecured rating to the proposed issue of senior unsecured bonds by Sabic Capital. The outlook for the rating is stable. Sabic Capital is an indirect wholly-owned subsidiary of Sau

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Sabic Q4 sales rise 29pc

Saudi Basic Industries Corporation (Sabic), which reported forecast-beating net profit for the fourth quarter, increased its sales for the period by 29.3 per cent while its costs rose 3.7 per cent. Sabic's sales netted SR31.9 billion (

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Sabic announces olefin project success

Saudi Basic Industries Corporation (Sabic) and German-based The Linde Group have announced the first successful commercialisation of Linear Alpha Olefins (LAO), using α-Sablin technology developed jointly by Sabic and Linde. Discussio

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Moody's affirms Sabic A1 rating

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

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