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 3.7pc. Sabic's sales netted 31.9 billion Saudi riyals ($8.51bn) in the
The increased profits in the fourth quarter results of the Saudi Basic Industries Corp. (SABIC) has given clear signals for its continued prosperity during the current year, Mohamed Al-Mady, chief executive of SABIC who is hopeful for year 2010, told
Saudi Basic Industries Corporation (SABIC), the largest listed firm in the Middle East, soared to a 15-month high as investors filled up on shares of the petrochemical giant. Investor sentiment was lifted by SABIC’s fourth-quarter earnings report, which
Saudi Arabian Basic Industries Corp. (SABIC), the world’s top chemical company by market value, said its net profit soared in the fourth quarter, thanks to higher prices and sales volumes for most its products. SABIC made SR4.58 billion ($1.22 billion)
Saudi Basic Industries Corp. climbed to the highest in more than a year after the world’s largest petrochemicals maker said fourth-quarter profit surged more than expected. The shares added as much as 2.2 percent to 91.25 riyals. They traded at 90.25
Saudi Basic Industries Corp (SABIC) said on Monday that its joint venture with China''s Sinopec has obtained financing worth a total of 2.68 billion US dollars for their Tianjin petrochemical complex. SABIC also said in a statement that it has started
Saudi Basic Industries Corporation (SABIC) announced on Monday the signing of a long-term USD 1.8 billion agreement with a number of Chinese banks and financial institutions. According to an official SABIC statement, the Saudi giant petrochemical
Saudi Basic Industries Corp. and China Petroleum & Chemical Corp. signed a long-term financing deal for their Tianjin petrochemical plant, the Saudi company said in a statement to the bourse today. The accord includes $1.8 billion long-term financing and
Saudi Basic Industries Corp (Sabic) said on Monday that its joint venture with China's Sinopec has obtained financing worth a total of $2.68 billion for their Tianjin petrochemical complex. Sabic also said in a statement that it has started trial