Thursday 30 March 2017
 
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Sabic 2016 profit down 4.58pc to $4.77bn

Saudi Basic Industries Corp (Sabic), a leading petrochemicals groups, reported a net profit of SR17.91 billion ($4.77 billion) for 2016, compared to SR18.77 billion ($5 billion) the previous year, posting a decrease of 4.58 per cent.

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Sabic 2016 profit down 4.58pc to $4.77bn

Saudi Basic Industries Corp (Sabic), a leading petrochemicals groups, reported a net profit of SR17.91 billion ($4.77 billion) for 2016, compared to SR18.77 billion ($5 billion) the previous year, posting a decrease of 4.58 per cent.

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Sabic launches dedicated foam grade for MEA

Leading petrochemicals producer Saudi Basic Industries Corporation (Sabic) has launched a new dedicated foam grade - LDPE HP0824NDF - for the Middle East and Africa (MEA) and Asian region to broaden the application window for the tapes, seals an

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Sabic launches dedicated foam grade for MEA

Leading petrochemicals producer Saudi Basic Industries Corporation (Sabic) has launched a new dedicated foam grade - LDPE HP0824NDF - for the Middle East and Africa (MEA) and Asian region to broaden the application window for the tapes, seals an

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Sabic Q3 profits fall 6.8pc to $1.39bn

Saudi Basic Industries Corp (Sabic) reported a net profit of SR5.22 billion ($1.39 billion) for the third quarter of this year, a 6.8 per cent decline compared to the same period last year. The petrochemicals giant had reported SR

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Sabic sells Polymershapes unit to US firm

Saudi Basic Industries Corp (Sabic) has agreed to sell its Polymershapes unit to US investment firm Blackfriars Corp, Sabic said without giving a value for the deal. The deal is expected to be completed during the fourth quarter o

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Sabic sells Polymershapes unit to US firm

Saudi Basic Industries Corp (Sabic) has agreed to sell its Polymershapes unit to US investment firm Blackfriars Corp, Sabic said without giving a value for the deal. The deal is expected to be completed during the fourth quarter o

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Sabic chemicals project in China to cost up to $4bn

Saudi Basic Industries Corp (Sabic) expects its coal-to-chemicals project in China with Shenhua Ningxia Coal Industry Group to cost $3 billion to $4 billion, its acting CEO told Al Arabiya TV on Thursday. "The project is appr

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Sabic chemicals project in China to cost up to $4bn

Saudi Basic Industries Corp (Sabic) expects its coal-to-chemicals project in China with Shenhua Ningxia Coal Industry Group to cost $3 billion to $4 billion, its acting CEO told Al Arabiya TV on Thursday. "The project is appr

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Sabic costs shrink but lower sales weigh: acting CEO

The acting chief executive of Saudi Basic Industries Corp (Sabic) said on Thursday that its costs in the second quarter of 2016 dropped by 18 per cent from the first three months of the year. Yousef Abdullah al-Benyan told a news

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