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Sahara Petrochemical announces developments of right issues (Tadawul - 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 to finance the projects listed in the prospectus as

"SABIC" participates in Economic Forum in Davos (SPA - 21/01/2016)

Saudi Basic Industries Corporation (SABIC) is participating in the World Economic Forum 2016 currently taking place in Davos, Switzerland. The company presents at the World Forum in the period from 20 to 23 January its experience in building an

PetroRabigh posts wider Q4 net loss on shutdown (Reuters - 21/01/2016)

Saudi Arabia's Rabigh Refining and Petrochemical Company (PetroRabigh) reported a wider net loss in the fourth-quarter on Thursday due to maintenance work at the complex for much of the period. The firm, a joint venture between Saudi Aramco and Japan's

Sipchem’s Q4 net profit slides 80.4% (Saudi Gazette - 21/01/2016)

Saudi International Petrochemical Co (Sipchem) reported a 80.4 percent slump in fourth-quarter net profit on Wednesday, citing a production shutdown at a subsidiary and lower prices for all its products for the decline. Sipchem made a profit of SR26

Maaden suffers SR5.7m loss in Q4 (Arab News - 21/01/2016)

Saudi Arabian Mining Co. (Maaden), the Gulf's largest miner, reported a fourth-quarter net loss on Wednesday, missing analysts' forecasts as it cited lower product prices. Maaden made a net loss of SR5.7 million ($1.52 million) in the three months to

Higher feedstock cost would impact Kayan’s earnings after FY2017 (GulfBase.com - 19/01/2016)

Aljazira Capital stated in their recently issued research report that the government of Saudi Arabia recently raised natural gas, fuel, Petchem feedstock, and electricity prices to curb deficit. It increased the Ethan prices from earlier fixed subsidized

Kuwait to buy 25pc stake in Korea-Saudi venture (Reuters - 19/01/2016)

Kuwait's Petrochemicals Industries Company (PIC) has agreed to buy a 25 percent equity stake in a venture owned by South Korea's SK Gas Co Ltd and Saudi Advanced Petrochemical Co, shareholders of the three firms said. PIC, a subsidiary of state oil giant

Al Jazira Capital updates SABIC's earning forecast (GulfBase.com - 19/01/2016)

Higher feedstock cost, electricity, and fuel gas cost to hurt SABIC’s net profitability by around 20.7% in 2016: The government of Saudi Arabia recently raised natural gas, fuel, Petchem feedstock, and electricity prices to curb deficit. It increased the

Sabic 'can cope with more petchem competition' (Trade Arabia - 19/01/2016)

Saudi Basic Industries Corp (Sabic) can adapt to any new petrochemicals supply entering the market from outside the kingdom, its acting chief executive said on Monday, as Iran's release from sanctions promises increased global oil supply. Petrochemical

SABIC sets up committee to promote SMEs in KSA (Arab News - 19/01/2016)

Saudi Basic Industries Corporation (SABIC) has set up a committee to promote the SMEs in the Kingdom, said Yousef Al-Benyan, its acting vice-chairman and CEO, said here on Monday. Al-Benyan was speaking to newsmen while presenting the fourth quarter and

Saudi’s Sabic says can cope with more petrochemicals competition (Reuters - 18/01/2016)

Saudi Basic Industries Corp (Sabic) can adapt to any new petrochemicals supply entering the market from outside the kingdom, its acting chief executive said on Monday, as Iran’s release from sanctions promises increased global oil supply. Petrochemical

SABIC can adapt to new petchem supply from outside kingdom -acting CEO (Reuters - 18/01/2016)

Saudi Basic Industries Corp (SABIC) can adapt to any new petrochemicals supply that enters the market from outside the kingdom, its acting chief executive said on Monday, as Iran's release from sanctions promises increased supply on the global oil

Saudi SABIC's fourth quarter net profit slumps 29 pct (Reuters - 17/01/2016)

Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 29.4 percent drop in fourth-quarter net profit on Sunday. SABIC made a net profit of 3.08 billion riyals ($821 million) in the three months to Dec. 31, down

Joint venture Kemya to expand capacity, work force (Rubber News - 15/01/2016)

ExxonMobil Corp. and Saudi Basic Industries Corp. are extending their Al-Jubail Petrochemical Co. (Kemya) joint venture into the rubber industry. Kemya will expand its facility in Jubail, nearly doubling both its size and employment with a $3.4 billion

Alba tightens belt over falling aluminium prices (Gulf Daily News - 15/01/2016)

Alba is bracing for a tough year ahead with the price of aluminium at London Metal Exchange (LME) expected to stay low. The company’s chief executive Tim Murray told a town hall meeting of employees at the Oasis Hall that it had netted $129.68 million in

SAFCO Q4 net profit declined by more than 50% percent (GulfBase.com - 14/01/2016)

Saudi Arabia Fertilizers Co. (SAFCO) posted a 51.35 percent decline in fourth-quarter net profit, it said on Thursday. SAFCO made a net profit of 379 million riyals in the three months to December 31, compared to 779 million riyals in the same period of

YANSAB Q4 net profit declined by 36 percent (GulfBase.com - 14/01/2016)

Yanbu National Petrochemicals Co. (YANSAB) posted a 36.37 percent decline in fourth-quarter net profit, it said on Thursday. YANSAB owned by SABIC with 51% share, made a net profit of 393.1 million riyals in the three months to December 31, compared to

SABIC, CIPET expand collaboration for skill development CSR programme (Netindian News Network - 14/01/2016)

SABIC, the Saudi Arabia-headquartered chemical company, has announced the expansion of its skill development corporate social responsibility (CSR) programme aimed at developing capacity in the plastics processing industry in India. The programme, run in

Saudi Kayan swings to Q4 net loss (Reuters - 14/01/2016)

Saudi Kayan Petrochemical Co. swung to a net loss in the fourth-quarter, it reported on Thursday. The company, an affiliate of Saudi Basic Industries Corp (SABIC), made a net loss of 624.14 million riyals ($166.3 million) in the three months to Dec. 31,

Al Faisalya Women Welfare Society, Ma’aden wing launch ‘Gold Hand’ (Saudi Gazette - 12/01/2016)

Princess Fahda Bint Saud Bin Abdul Aziz, president of Al Faisalya Women Welfare Society, signed an agreement with engineer Yehia bin Muhammad Al Shangity, CEO, Gold and Base Metals division in Ma’aden, on “Gold Hand” initiative at the company’s Jeddah

SABIC says output from polyacetal plant to start early 2017 (Reuters - 11/01/2016)

Production from a 50,000 tonne-per-year polyacetal plant at an affiliate of Saudi Basic Industries Corp (SABIC) will start by early 2017, a SABIC official said on Monday. Saleh al-Zahrani, senior manager polyacetal, was speaking at an industry event in

Alba posts all-time sales, production records (Trade Arabia - 11/01/2016)

Aluminium Bahrain (Alba) posted sales of 951,944 metric tonnes (MT) in 2015, marking an increase of 2.2 per cent year-on-year (YoY) over the sales record of 931,526 MT in the previous year, while production figures topped 960,643 MT up by 3.1 per cent

Alba posts all-time sales, production records (Trade Arabia - 10/01/2016)

Aluminium Bahrain (Alba) posted sales of 951,944 metric tonnes (MT) in 2015, marking an increase of 2.2 per cent year-on-year (YoY) over the sales record of 931,526 MT in the previous year, while production figures topped 960,643 MT up by 3.1 per cent

Maaden's Subsidiary obtains loans amounting to SR 4 Billion (SPA - 07/01/2016)

SIDF in proportion to their shareholding in MWSPC. The provision of these four loans is subject to finalizing binding loan agreements. The loans will complete the debt financing of MWSPCs phosphate project located in Waad Al Shamal and Ras Al-Khair

SABIC Announces Large Format Touch Sensor Capability (Press Release - 07/01/2016)

At the Consumer Electronics Show, January 6-9, 2016 in Las Vegas, SABIC will introduce a transparent, conductive polycarbonate (PC) film that represents a completely new class of display materials with outstanding transmittance and resistance, especially

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