SABIC affiliates rewarded for loyalty
(Arab News
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28/04/2012)
Saudi Basic Industries Corporation's (SABIC's) Vice Chairman and CEO Mohamed Al-Mady presided over the Environment, Health, Safety, Security (EHSS) and Reliability Day in Jubail. Saudi Basic Industries Corporation's (SABIC's) Vice Chairman and CEO
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Sabic, Exxon investment in synthetic rubber eyed
(Reuters
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26/04/2012)
Saudi Basic Industries Corp. (Sabic) and Exxon Mobil plan to make a final investment decision on their multi-billion dollar synthetic rubber project in Saudi Arabia in July, Sabic’s chief executive said Wednesday. "The decision will be made in July, the
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Alba supports BTI's Career Week 2012
(AME Info
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24/04/2012)
Aluminium Bahrain B.S.C. (Alba)'s sponsorship support for Bahrain Training Institute (BTI)'s Career Week 2012 presents an opportunity for the company to engage with young Bahraini men and women looking for career advice, encourage them to consider the
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SR63bn Maaden investment big boost for mining sector
(Arab News
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24/04/2012)
Total investment of Saudi Arabian Mining Company (Maaden) has reached SR63 billion, its CEO Khaled bin Saleh Al-Mudaifer announced yesterday during a meeting with Riyadh Gov. Prince Sattam. Al-Mudaifer briefed the governor on Maaden’s projects and its
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SABIC and WEF host roundtable on employment
(Arab News
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24/04/2012)
The World Economic Forum (WEF), together with Saudi Basic Industries Corporation (SABIC), co-hosted the ‘Roundtable on the Role of Large Employers in Fostering Job Creation in the Arab World’ in Riyadh. The roundtable offered an excellent opportunity for
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SR63bn Maaden investment big boost for mining sector
(Arab News
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23/04/2012)
Total investment of Saudi Arabian Mining Company (Maaden) has reached SR63 billion, its CEO Khaled bin Saleh Al-Mudaifer announced yesterday during a meeting with Riyadh Gov. Prince Sattam. Al-Mudaifer briefed the governor on Maaden’s projects and its
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Alba welcomes its customers & suppliers to experience Formula 1 action
(AME Info
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22/04/2012)
Aluminium Bahrain B.S.C. (Alba) invited more than 100 of its local, regional and international customers as well as suppliers to experience the thrilling action of the Formula One Gulf Air Bahrain Grand Prix 2012 at the Bahrain International Circuit in
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Sipchem net profit rises 25.4% in Q1
(Saudi Gazette
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22/04/2012)
SAUDI International Petrochemical Company (Sipchem) posted a 25.4 percent increase in net profit during first quarter to SR151.6 million compared to SR120.9 million for the same quarter last year. Gross profit during first quarter amounted to SR334.7
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Saudi Maaden in Talks With Banks for 7 Billion-Riyal Financing
(Bloomberg
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21/04/2012)
Saudi Arabian Mining Co., the state-controlled company that has a joint venture with Alcoa Inc. (AA), said it is talks with banks to obtain a 7 billion-riyal ($1.9 billion) Islamic loan. “The company is in the process of consultation with a number of
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Industries Qatar posts net profit of QR1.9bn in Q1
(Gulf Times
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20/04/2012)
Market heavyweight Industries Qatar (IQ) — a holding company of petrochemical, fertiliser and steel businesses — reported QR4.4bn of revenue and QR1.9bn of net profit in the first three months of this year. However, net profit and Ebitda (earnings before
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Maaden seeks SR7bn loan
(Reuters
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19/04/2012)
Saudi Arabian Mining Co. (Maaden) is seeking a SR7 billion ($1.86 billion) loan from local banks, a Saudi banker told Reuters yesterday. Maaden said in March that it plans to add a new production line, with a capacity of 100,000 tons per year, at its
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HSBC to arrange $1.8bn Maaden loan
(Reuters
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18/04/2012)
Saudi Arabian Mining Co (Maaden) is seeking a 7 billion riyal ($1.86 billion) loan from local banks, a Saudi banker told Reuters on Wednesday. Maaden said in March that it plans to add a new production line, with a capacity of 100,000 tonnes per year, at
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SPCO Announces The Preliminary Financial Results
(Tadawul
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18/04/2012)
1-Net profit for the first quarter of year 2012 reached an amount of SAR 42 million, compared with SAR 100 million for the same period in the previous year with decrease of 58%, and compared with SAR 5 million for previous quarter, with a an increase of
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Sipchem profit up 25.4%
(Arab News
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18/04/2012)
The Saudi International Petrochemical Company (Sipchem) announced the company’s interim financial results for the period ended 31st March 2012. Net profit during first quarter amounted to SR151.6 million compared to SR120.9 million for the same quarter
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SABIC CEO expects good results in coming quarters
(Reuters
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18/04/2012)
Saudi Basic Industries Corp. (SABIC) chief executive said on Tuesday that he expected good results in the coming quarters if the economy is stable in Europe. "Prices are still reasonable within the economic situation...we will make good results in the
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Saudi Basic First-Quarter Profit Drops 5% as Prices Decline
(Bloomberg
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17/04/2012)
Saudi Basic Industries Corp. (SABIC), the world’s biggest petrochemicals maker, said first-quarter profit dropped 5 percent on lower prices for its products and higher feedstock costs. Net income fell to 7.27 billion riyals ($1.94 billion) from 7.69
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Petro Rabigh announces its interim financials for 3 months period
(Tadawul
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17/04/2012)
Rabigh Refining & Petrochemical Company (Petro Rabigh) announces its interim financials for the period ending 31/03/2012 as follows: 1.The first quarter net profit was SAR 115.8 million versus SAR 698.5 million for the same quarter of the previous year
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SABIC announces interim consolidated financial results
(Tadawul
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17/04/2012)
Saud Basic Industries Corporation (SABIC) has announced the interim consolidated financial results for the period ended March 31, 2012: 1 The net income for the first quarter was SR 7.27 billion compared to the net income of SR 7.69 billion for the same
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SABIC approves SR15bn dividends
(Arab News
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16/04/2012)
The Annual General Assembly meeting of Saudi Basic Industries Corporation (SABIC) held on Saturday, under the chairmanship of Prince Saud bin Abdullah bin Thunayan Al-Saud, chairman of the Royal Commission for Jubail and Yanbu, and chairman of SABIC,
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SABIC unveils new brand with focus on delivering Chemistry that matter
(AME Info
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15/04/2012)
SABIC Vice-Chairman and CEO Mohamed Al-Mady unveiled the new SABIC brand at the company's Annual General Assembly Meeting in Riyadh. With the introduction of the new SABIC brand, the company is signalling and further reinforcing its intent to become the
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Alba production, sales hit new high
(Trade Arabia
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15/04/2012)
Aluminium Bahrain (Alba), said its production figures grew 2 per cent in the first quarter to 220,738 metric tonnes (MT) compared to 216,792 MT last year thus posting its 5th straight quarter of positive growth. One of the largest aluminium smelters in
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Saudi Kayan incurs SR71.12m loss
(Arab News
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15/04/2012)
Saudi Kayan Petrochemical Company (Saudi Kayan) in its interim financial results for the period ending March 31 reported a net loss of SR71.12 million for Q1, 2012 compared to SR8.33 million for the same quarter last year with an increase of 753.8
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SAFCO posts SR787m profit
(Arab News
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15/04/2012)
The Saudi Arabian Fertilizer Company’s (SAFCO’s) net income in Q1, 2012 is SR787 million, compared to SR833 million for the corresponding quarter of the previous year, decrease of 5.52 percent, and SR1,277 million for the 4th quarter of 2011, decrease of
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MAADEN Announces Its Estimated Consolidated Financial Results
(Tadawul
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10/04/2012)
1.The estimated net income attributable to shareholders of the parent company for the first quarter ended 31 March 2012 amounted to SAR 246 million, an increase of 459% compared to the actual net income for the same quarter of 2011 (SAR 44 million) and a
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SABIC invests $100m in China technology center
(Arab News
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07/04/2012)
Saudi Basic Industries Corp. (SABIC) yesterday announced a $100 million investment to build 60,000 sqm new Technology Center in Kangqiao, east of Shanghai. The center will house some 400 employees who will relocate to this new facility when completed
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