Saudi Basic Industries Corp (Sabic) said on Wednesday that changes to energy and gas feedstock prices announced by the government earlier this week would increase its total annual costs before minority interests by around 5 percent next year.

The company, one of the world's largest petrochemicals firms, said in the bourse filing that the impact of the changes would be felt from the first quarter of 2016.

Meanwhile, Saudi Arabia's National Industrialization Co (Tasnee) said on Wednesday that changes to energy and gas feedstock prices announced by the government earlier this week would hurt its 2016 results by around SR190 million ($50.7 million).

The firm said it would continue to cut costs and improve operational efficiency. The diversified industrial company has interests in petrochemicals, metals and chemicals and is one of the world's largest producers of titanium dioxide through its Cristal subsidiary.
* Rabigh Refining and Petrochemical Co (PetroRabigh) expects a negative financial impact of SR300 million ($80 million) from the energy price hikes announced in the 2016 government budget, it said in a bourse statement on Wednesday.

The firm, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical, said further developments would be announced at a later date.  - Reuters