GulfBase Live Support
Leave a message and our representative will contact you soon
17/04/2014 06:02 AST
Saudi Arabia’s Sahara Petrochemical, currently in talks with Sipchem over a possible merger, posted a 20.3 percent drop in first-quarter net profit, citing lower sales for the decline.
The firm made a profit of SR99.9 million in the opening three months of 2014, compared with SR125.4 million in the same period last year, according to a bourse filing.
Sahara blamed the decline on lower sales, citing a planned shutdown of Al-Waha plant as well as lower income from associates.
Sahara and Saudi International Petrochemical Co. 2310.SE (Sipchem) announced plans in December to merge in the first half of 2014 through a share swap agreement.
ARab News
27/01/2016
Sahara announces to its shareholders the developments of proceeds from the rights issue received on 23/12/2011G. Up to the end of the fourth quarter of 2015 the company has used the following amounts
Tadawul
21/01/2015
Saudi Arabia's Sahara Petrochemical Company said its subsidiary Al Waha Petrochemicals had secured SR1.96 billion ($522 million) from two local lenders to refinance an existing Islamic loan.
Reuters
24/12/2014
The Board of Directors of Sahara Petrochemical Co. meeting was held under the Chairmanship of H.E. Abdulaziz A. Al-Zamil Today December 24, 2014 has recommended the distribution of dividends to the s
Tadawul
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News