Sabic, Exxon plant to boost earnings from 2015
(Reuters
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30/07/2012)
Saudi Basic Industries Corp (Sabic) and ExxonMobil said on Monday their Kemya rubber plant will have an immediate earnings impact from its second half 2015 start, riding increased transport demand and vehicle use in the region, Africa and Asia. 'We
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Qurain Petrochemical Industries Company posts net profit of KD126,509
(AME Info
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30/07/2012)
Qurain Petrochemical Industries Company (QPIC) achieved net profits of KD126,509 for the first Quarter ended 30 June 2012. Announcing the results, Chairman Sheikh Mubarak Abdullah Al Mubarak Al Sabah said that QPIC Board of Directors approved, on 30 July
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Aluminum Bahrain’s net profit falls on lower prices
(Reuters
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30/07/2012)
Aluminum Bahrain (Alba) said its second quarter net profit dropped by almost half to 35.6 million Bahraini dinars ($95 million) on lower metal prices and higher gas costs. Aluminum prices on the London Metal Exchange dipped close to $600 a ton when
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Sipchem Announces Distribution of SR 183.3 Mln for H1
(Gulfbase.com
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28/07/2012)
The BODs of Sipchem decided to distribute the dividends of SR 183.3 million to its shareholders for the first half of 2012, representing 5% of the company paid-up capital. The eligibility of distribution of dividend will be for those shareholders who are
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Alba’s casthouse wins ISO quality certification
(Press Release
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27/07/2012)
Aluminium Bahrain (Alba)’s position as one of the top quality focused smelters in the world was bolstered with the re-certification of Alba’s Casthouse department to the ISO 9001:2008 Quality Management System (QMS) Standard after undergoing a rigorous
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Safco plans major capital hike
(Reuters
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25/07/2012)
Saudi Arabian Fertilizers Company (Safco), the Kingdom's second-largest chemical company, plans to raise its capital by 33.3 per cent through a bonus share issue, the firm said in a bourse statement on Tuesday. Safco, a unit of Saudi Basic Industries
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SAFCO Announces Distribution of SAR 1500 Mln in cash to shareholders
(Tadawul
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24/07/2012)
HE Mohammed Al-Mady, Chairman of Saudi Arabia Fertilizer Co (SAFCO) Board of Directors announced that the Board of Directors has decided during its meeting on 23/07/2012 the distribution of SAR 1500 million (SAR 6 per share) as dividends to its
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Alba appoints BNP Paribas as financial and rating advisor
(AME Info
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24/07/2012)
Aluminium Bahrain B.S.C. ("Alba") is pleased to announce that it has appointed BNP Paribas as a financial advisor and rating advisor to the Company in identifying and assessing financing options in connection with the project to expand the company's
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Saudi Steel Pipe profit falls 42% on low margin
(Saudi Gazette
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21/07/2012)
Saudi Steel Pipe net income for the second quarter decreased to SR12.38 million, lower than the same period last year of SR21.34 million and decreased again compared to Q1 2012 of SR18.32 million. The reason for the decrease in net income for the Q2 and
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Global slump hits SABIC profit
(Arab News
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19/07/2012)
The Saudi petrochemical sector clearly faces potentially growing challenges as the global demand outlook darkens, a Kingdom-based analyst warned yesterday as Saudi Basic Industries Corp. (SABIC) posted a 35 percent decline in second-quarter profit. The
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Sabic Q2 net plunges 35pc on low costs
(Reuters
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18/07/2012)
Saudi Basic Industries Corp (Sabic), the world's biggest petrochemicals group by market value, reported a 35-per cent drop in quarterly profits on Wednesday due to lower prices and production, missing analysts' estimates. Sabic, which is 70-per cent
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Saudi kayan recorded net loss in the second quarter
(Gulf Times
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17/07/2012)
Saudi Kayan Petrochemical Co said its net loss in the second quarter widened to 328.32mn Saudi riyals ($87.6mn), compared with 16.01mn riyals a year earlier, reflecting the start of its commercial operations in October. The company recorded an operating
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Tasnee reported a second-quarter net profit of 580.1mn
(Gulf Times
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17/07/2012)
Saudi Arabia’s National Industrialisation Co (Tasnee) yesterday reported a second-quarter net profit of 580.1mn Saudi riyals ($154.7mn), down 2.4% from 594.2mn riyals a year earlier, as lower selling prices squeezed margins. Analysts at NCB Capital
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Sahara Petrochemicals' Q2 net profit down 74%
(Arab News
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17/07/2012)
Sahara Petrochemicals Company's net profit for Q2, 2012 was SR 54.32 million, compared with SR 209 million for the same period in the previous year with a decrease of 74 percent and compared with SR 42 million for the previous quarter with an increase of
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Maaden posts SR 128 million net income
(Arab News
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17/07/2012)
Saudi Arabian Mining Company (Maaden), announcing its interim financial results for the six-month period ended June 30, 2012, has said the net income attributable to the shareholders of the parent company for the second quarter ended June 30 amounted to
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Ma’aden awards Bechtel copper, zinc smelter prefeasibility study
(Saudi Gazette
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16/07/2012)
Ma’aden has awarded Bechtel the prefeasibility study contract for its proposed copper and zinc smelter projects in Saudi Arabia. The multibillion-dollar potential projects are set to include the construction of two world-class smelters. "Our team in
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Safco Q2 net profit down 0.8pc
(Reuters
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14/07/2012)
Saudi Arabian Fertilizers Company (Safco) on Saturday said its second quarter net profit fell 0.8 per cent to SR784 million ($209 million), compared with SR790 million during the same period a year earlier. The results missed expectations, with 10
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Yansab announces the interim financial results for six months period
(Tadawul
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12/07/2012)
1.Realized net profit of SR 649.61 Million for the 2Q2012 compared to SR 963.67 Million for the same quarter last year with a decrease of 32.6% and compared to SR 720.27 Million for the previous quarter with a decrease of 9.8% 2.Realized gross profit of
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Maaden Aluminium launches English course for high school students
(Arab News
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10/07/2012)
Maaden Aluminium, the Maaden Alcoa joint venture, yesterday announced it signed an agreement with Buraydah Technical College to design and implement a comprehensive English language course for high school students from communities near its bauxite mine
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Ma'aden Aluminium launches English course for high school students
(AME Info
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08/07/2012)
Ma'aden Aluminium, the Ma'aden Alcoa joint venture, announced that it has signed an agreement with Buraydah Technical College to design and implement a comprehensive English language course for high school students from communities near its bauxite mine
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Alba production, sales hit new high in H1
(Trade Arabia
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08/07/2012)
Aluminium Bahrain (Alba), one of the largest aluminium smelters in the world, said its production figures grew 1.7 per cent in the first half to hit 443,533 metric tonnes (MT) compared to 436,256 MT during the same period last year. Announcing this on
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Alba launches new safety initiative
(Trade Arabia
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02/07/2012)
Aluminium Bahrain (Alba), ranked as one of the largest aluminium smelters in the world, has introduced a new safety initiative for contractors as part of its commitment to inculcate safety culture amongst its employees. The new Contractors Safety
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