#SABIC

Eugene Willemsen, CEO Africa, Middle East & South Asia, PepsiCo_Dr. Bob Maughon, Chief Sustainability & Technology Officer, SABIC_Roland Daher, CEO, Astrolabs launch Mega Green Accelerator

Mega Green MENA Accelerator unveiled by PepsiCo, SABIC, AstroLabs

The new initiative aims to nurture the next generation of entrepreneurs in the region to develop solutions to regional and global sustainability challenges

SABIC PRESS CONFERENCE Q3_tcm1010-42370

Saudi Arabian petrochemical giant SABIC reports Q3 net loss

SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand

PIF-SABIC

Saudi’s PIF to create steel giant with $3.3bn Sabic deal

The deal is expected to close before the end of the first quarter of 2024

SABIC projects tight industry margins

Saudi Arabia’s SABIC sees industry margins staying tight

SABIC, which is majority-owned by Saudi Aramco, said average sale prices dropped 9 per cent from the previous quarter.

Saudi Arabia's non-oil exports rise 4% to $6.6bln in October

Aramco, Sinopec and SABIC partner for petrochemical project in Yanbu

The three entities are exploring collaboration across refining and petrochemical projects in Saudi Arabia as well as China

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CEO of Saudi Arabia’s Sabic, Yousef Abdullah Al-Benyan, resigns

By virtue of a royal decree, Al-Benyan was appointed as the kingdom’s new education minister

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Biggest chemicals firm says cost squeeze to hit profit this year

Demand for products from plastics to paint has soared in the past year with economies recovering from the coronavirus pandemic

Saudi’s Sabic sees profit surge amid global chemical boom

Revenue climbed 72 per cent year-on-year to $11.3bn

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco to sell more assets in multi-billion dollar push

Aramco raised $12.4bn by selling leasing rights over oil pipelines to a US-led group of investors in April

Saudi Aramco’s profit soars in Q1 as crude prices rise

Brent crude has gained over 30 per cent this year to top $68 a barrel

Chemicals maker Sabic’s profit surges as economies reopen

Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter

Revealed: Top 5 most powerful Arabs in Saudi Arabia

The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list

Saudi firms will cut dividends to fund $1.3 trillion investments

The new plan comes after the coronavirus pandemic and oil market turmoil created a double crisis for Saudi Arabia

Saudi chemical giant SABIC sees vaccinations boosting income

SABIC earned net income of SAR40m in 2020, down sharply from SAR5.2bn in 2019

SABIC to shortlist Citi, Morgan Stanley for specialty chemicals IPO

SABIC hasn’t decided on a venue for the sale

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SABIC is said to weigh IPO of specialty chemicals business

SABIC reported its biggest quarterly loss in at least a decade in the three months through June

Saudi chemicals maker SABIC posts profit as demand revives

Profit rose mainly due to the reversal of SAR690m of impairments associated with Clariant AG

Aramco, Sabic to reassess $20bn crude-to-chemicals project

SABIC suspended new capital spending earlier this year as it reported losses in the first and second quarters

Saudi Arabia may face budget squeeze after 2021, Moody’s says

Saudi Arabia published an overview of its spending for the next three years that envisages annual cuts to help contain its fiscal deficit

Saudi Arabia sends blue ammonia to Japan in world-first shipment

Japan will receive 40 tons of blue ammonia in the first shipment

Saudi chemicals giant Sabic taps bond market for $1bn

Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries

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Saudi chemical maker SABIC expects recovery following loss

SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year

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Oil giant Saudi Aramco completes $70bn takeover of SABIC

Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028

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Aramco begins taking SABIC stake in $69bn of block trades

Aramco will pay $24.8bn this week as a first installment in the deal

Revealed: Top 10 companies in the Middle East in 2020

In this year’s Forbes list of the Middle East’s Top 100 Companies 2020, Saudi Arabia led the pack with 33 entries

Saudi Aramco seeks to restructure $69.1bn SABIC deal

Aramco is weighing pushing out payments for the 70 per cent holding in SABIC and reducing the size of the initial installment to PIF

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Saudi Arabia’s SABIC suspends all but essential spending

The company’s first-quarter sales dropped 18 per cent to SAR30.83bn

Revealed: Top 5 most powerful Arabs in finance

The highest ranking entries from the world of finance in Gulf Business’ annual Arab power list 2020

Revealed: Top 100 most powerful Arabs 2019

In this year’s collection of powerful and influential individuals we have a heady mix of consolidation and breakthrough

Top 100 most powerful Arabs 2018

Amid a sea of change across the Gulf region, our 2018 ranking has received a major shakeup from the previous year