Sabic default rating outlook stable
(Saudi Gazette
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30/06/2012)
Fitch Ratings has affirmed Saudi Basic Industries Corporation’s (Sabic) Long-term Issuer Default Rating (IDR) at ‘A+’, senior unsecured rating at ‘A+’ and Short-term IDR at ‘F1’. The Outlook on the Long-term IDR is Stable. The senior unsecured rating on
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Kayan awards design contract for Jubail plant to Jacobs Group
(Saudi Gazette
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28/06/2012)
Saudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corporation (Sabic), has awarded a design contract to Pasadena, California-based Jacobs Engineering Group Inc. A statement Wednesday said the contract is for the development of a
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Jacobs clinches major Saudi Kayan contract
(Trade Arabia
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27/06/2012)
Jacobs Engineering Group said it has clinched a major contract from Saudi Kayan Petrochemical Company to develop a process design package (PDP) and front end engineering design (Feed) package for its upcoming plant in the Kingdom. Kayan is an affiliate
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Alba names new Sabic board member
(Trade Arabia
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26/06/2012)
Aluminium Bahrain (Alba) has announced the appointment of Dr Talaat Dafer Abdulla Aldafer Alqahtani - representing Sabic Industrial Investments Company (Sabic) - to its board of directors. Dr Alqahtani's appointment comes following the resignation of
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SABIC and ExxonMobil to proceed with specialty elastomers project
(AME Info
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26/06/2012)
Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil announced they will construct a world-scale specialty elastomers facility at the Al-Jubail Petrochemical Company (KEMYA) manufacturing joint venture. The facility will be integrated
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SABIC, Exxon to proceed with elastomers project in Jubail
(Arab News
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26/06/2012)
Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil announced yesterday they will construct a world-scale specialty elastomers facility at the Al-Jubail Petrochemical Company (KEMYA) manufacturing joint venture. The facility will be
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SABIC signs research agreement with German research organization
(AME Info
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24/06/2012)
The Saudi Basic Industries Corporation (SABIC) and Fraunhofer-Gesellschaft, a German organization for applied research, signed a multiyear agreement in Sittard, the Netherlands, on June 22 to mutually develop advanced technologies into innovative
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SABIC plans to pay SR8b sukuk early
(Reuters
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14/06/2012)
Saudi Basic Industries Corp. (SABIC) Wednesday said it intends to repay an SR8 billion ($2.13 billion) sukuk (Islamic bond) ahead of maturity from internal cash balances. The petrochemicals giant sold the 20-year sukuk in 2007 in a deal which was
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Boubyan Petrochemical realizes KD 24.7 million in profit
(KUNA
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13/06/2012)
Boubyan Petrochemical Company (BPC) announced realizing profit of 24.7 million Kuwaiti dinars for the year ending April 30, 2012, which compares to a sum of KD 22.8 for the previous fiscal year. Share dividend reached 51.1 Kuwaiti fils, compared to last
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QPIC reports realized net profits of KD 33 million
(Al Watan
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12/06/2012)
Qurain Petrochemicals Industries Company (QPIC) held the Annual General meeting at Al-Shaheed Tower, Sharq. In which QPIC reported to the shareholders realized net profits of KD 33,015,669 and a net earnings of 30.14 fils per share for the 15 month
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SABIC affiliate Kemya wins environment award
(Arab News
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12/06/2012)
Jubail Petrochemical Company (Kemya), a manufacturing affiliate of the Saudi Basic Industries Corp. (SABIC), has won the Royal Commission for Jubail and Yanbu Environmental Performance Award for 2011. The annual award was presented at a ceremony
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Qurain appoints new Vice Chairman and CEO
(AME Info
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11/06/2012)
Qurain Petrochemical Industries Company (QPIC) has announced the appointment of Mr Sadoun Abdulla Ali as Vice Chairman and Chief Executive Officer. Mr Ali was previously Managing Director and Chief Executive Officer of KAMCO - a position he had held
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Qurain Petrochemicals Industries holds annual general meeting
(AME Info
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11/06/2012)
Qurain Petrochemicals Industries Company (QPIC) held the annual general meeting at Al-Shaheed Tower, Sharq. In which QPIC reported to the shareholders realised net profits of KD33,015,669 and a net earnings of 30.14 fils per share for the 15 month period
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Petrokemya ties up with Spanish energy firm for SR 2.1 bn plant
(Arab News
-
11/06/2012)
Arabian Petrochemical Co. (Petrokemya), an affiliate of the Saudi Basic Industries Corp. (SABIC), has signed a letter of intent with Tecnicas Reunidas, a Spanish company, to design, supply and construct an acrylonitrile butadiene stirene (ABS) plant at
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Alba boosts efficiency with major upgrade in its calcining plant
(AME Info
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10/06/2012)
Aluminium Bahrain B.S.C. (Alba)'s position as one of the world's leading aluminium smelters was bolstered with the recent replacement and upgrade of the indirect coke cooler at the Alba Petroleum Coke Calciner. A ceremony was held at the Alba Petroleum
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SABIC's Petrokemya signs deal with Tecnicas Reunidas
(Reuters
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09/06/2012)
Petrokemya, a subsidiary of Saudi Basic Industries Corp (SABIC) has signed an initial deal with Spanish oil engineering company Tecnicas Reunidas to build a petrochemical plant in the Saudi industrial city of Jubail, SABIC said on Saturday. The
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Maaden careers beckon new Saudi graduates
(Arab News
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07/06/2012)
Saudi Arabian Mining Company (Maaden) recently joined a forum on the nationalization of jobs (Liqaat) which was held at Dhahran International Exhibition Center (DIEC) in the Eastern Province. Maaden presented a number of jobs in areas related to
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SABIC explores Ecuador opportunities
(Arab News
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07/06/2012)
A ministerial delegation from Ecuador discussed with SABIC Vice Chairman and CEO Mohamed Al-Mady a variety of topics concerning areas of cooperation and Ecuador’s strong interest in creating a closer business relationship with Saudi Arabia, especially
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Alba sponsors key China trade fair
(Trade Arabia
-
06/06/2012)
Aluminium Bahrain (Alba) has announced its sponsorship and participation in Aluminium China 2012, one of Asia's leading trade fairs for the aluminium industry. The event opens today (June 6) at the Shanghai New International Expo Centre in China and runs
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Sabic continues to lead Gulf petchem companies’ growth
(Saudi Gazette
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06/06/2012)
Earnings of petrochemical companies in the Gulf Cooperation Council (GCC) petrochemical companies declined by 10.2 percent to $3.1 billion in the first quarter of 2012 compared to $3.5 billion in the same period last year, Global Investment House said in
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Alba announces new changes, appointment
(Trade Arabia
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03/06/2012)
Aluminium Bahrain (Alba) has announced new changes to the company’s management structure and appointed Basem Al Sharqi as the chief support functions officer (CSFO), reiterating its commitment to strengthening the organisational performance. Both
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Maaden gets SR 7 bn Murabaha loan
(Arab News
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03/06/2012)
Saudi Arabian mining company (Maaden) has received a Murabaha revolving credit facility worth SR 7 billion with a tenure of five years, the company said in an announcement posted on Tadawul website. The deal, which was secured by 11 banks, was
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SABIC ships its first consignment of ethanolamines and ethoxylates
(Arab News
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03/06/2012)
The Saudi Basic Industries Corporation (SABIC) has shipped its first consignment of ethanolamines and ethoxylates from its manufacturing plant in Jubail, Saudi Kayan, making Saudi Arabia the first ever country in the Middle East to produce and market
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SR 1.4 bn loan deal for Jubail petchem project
(Arab News
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03/06/2012)
Saudi International Petrochemical Company (Sipchem) announced yesterday that its affiliate, International Polymers Company (IPC), has signed a Shariah compliant SR 1.4 billion ($ 375 million) loan and bridge facilities with four major Saudi banks, Riyad
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Sipchem inks $373m loan deal for key project
(Reuters
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02/06/2012)
Saudi International Petrochemical Company (Sipchem) said on Saturday its polymers affiliate has signed a SR1.4 billion ($373.3 million) loan agreement to finance the construction of a petrochemical project in Saudi Arabia. The Islamic-compliant loan
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