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Energy minister receives top SABIC official (BNA - 21/04/2016)

Energy Minister Dr. Abdulhussain Mirza received Saudi Basic Industries Company (SABIC)'s Vice Chairman and CEO Yousef Abdullah Al Benyan and senior company executives. SABIC, along with the Government of Bahrain, represented by the Gulf Petrochemical

SAFCO net profit dips 51.5% to SR286m (Arab News - 21/04/2016)

Saudi Arabia Fertilizers Co. (SAFCO) missed analysts' forecasts and extended its earnings slump, reporting a 51.5 percent decline in first-quarter net profit on Sunday. SAFCO, a unit of Saudi Basic Industries Corp. (SABIC), made a net profit of SR286

PetroRabigh incurs SR32.7m loss (Arab News - 21/04/2016)

Saudi Arabia's Rabigh Refining And Petrochemical Co. (PetroRabigh) swung to a first-quarter net loss, it reported on Wednesday, as its earnings were impacted by the plant's gradual restart after a period of maintenance at the end of last year. The firm,

SABIC suffers 13.2% drop in first-quarter net profit (Arab News - 20/04/2016)

Saudi Basic Industries Corp. (SABIC) made a net profit of SR3.41 billion in Q1, 2016, down from SR3.93 billion in the corresponding period last year. The company reported on Monday a 13.2 percent drop in the first-quarter net profit, extending a profit

Sabic seeks fertiliser, chemical acquisitions (Reuters - 19/04/2016)

Saudi Basic Industries Corp (Sabic) is seeking acquisitions to strengthen its fertiliser business and could announce purchases in the chemicals and polymers sectors by the end of the third quarter, its acting chief executive told Reuters on Tuesday. The

Saudi's Sipchem says Q1 net profit down 37.1 percent (Reuters - 19/04/2016)

Saudi International Petrochemical Co (Sipchem) reported a 37.1 percent drop in first-quarter net profit on Tuesday, hurt by a fall in sales prices of all its products and an increase in production costs. Sipchem made a profit of 50.7 million riyals

Saudi's SABIC extends profit slump with 13.2 pct Q1 drop (Reuters - 18/04/2016)

Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 13.2 percent drop in first-quarter net profit on Monday, extending a profit slump but beating analysts' forecasts. SABIC made a net profit of 3.41 billion

Tasnee Q1 net loss narrows, ahead of forecasts (Reuters - 18/04/2016)

Saudi Arabia's National Industrialization Co (Tasnee) posted a narrower first-quarter net loss, beating analysts' forecasts due to higher sales volumes and not suffering the same negative impact from financial contracts at a subsidiary. Tasnee made a

Alba names Bechtel contractor for $3.5bn expansion (Trade Arabia - 18/04/2016)

Aluminium Bahrain (Alba), the Bahrain-based leading international aluminium smelter, has named International Bechtel as the engineering, procurement, and construction management (EPCM) contractor for its landmark Line Six expansion project. Under the

Maaden Q1 net profit slips 35.3% to SR168.9m (Arab News - 18/04/2016)

Saudi Arabian Mining Co. (Maaden), the Gulf's largest miner, posted a 35.3 percent fall in first-quarter net profit on Sunday, but still beat analysts' forecasts. The firm made a net profit SR168.9 million ($45.04 million) in the three months to Mar.

SAFCO net profit dips 51.5% in Q1 (Arab News - 18/04/2016)

Saudi Arabia Fertilizers Co. (SAFCO) missed analysts' forecasts and extended its earnings slump, reporting a 51.5 percent decline in first-quarter net profit on Sunday. SAFCO, a unit of Saudi Basic Industries Corp. (SABIC), made a net profit of SR286

Saudi’s Yansab Q1 net profit up 41% — statement (Gulfnews - 14/04/2016)

Saudi Arabia’s Yanbu National Petrochemical Co (Yansab) reported a 41 per cent rise in first-quarter net profit on Wednesday, beating analysts’ forecasts. The firm, a subsidiary of Saudi Basic Industries Corp (SABIC), made a net profit of 401.9 million

Alba sales rise 1.4 per cent in first quarter (Gulf Daily News - 12/04/2016)

Aluminium Bahrain (Alba) sales surged 1.4 per cent despite the downside trend in aluminium prices. For the first quarter of 2016, sales figures reached 231,538 tonnes, an increase of 3,231 tonnes, compared with 228,307 tonnes in the first quarter last

Saudi Kayan restarts ethylene glycol/oxide ethylene plant (Reuters - 11/04/2016)

Saudi Kayan Petrochemical Co. restarted on Sunday a plant that produces ethylene glycol and oxide ethylene after scheduled maintenance and some technical repairs, the company said on Monday. The affiliate of Saudi Basic Industries Corp (SABIC) said in

Napco posts $64m in revenues, up 28pc (Trade Arabia - 05/04/2016)

National Aluminium Products Company (Napco), a leading extruder of aluminium profiles in the GCC, has registered revenues of RO24.8 million ($64.1 million) last year, as compared to RO19.4 million, representing an increase of 28 per cent. It has posted a

Ma'aden begins commercial output at gold mine (Trade Arabia - 04/04/2016)

Saudi Arabian Mining Company (Ma'aden) said on Sunday commercial output had begun at the Ad Duwayhi gold mine in western Saudi Arabia. The mine has an estimated average annual production capacity of 180,000 ounces over the life expectancy of the mine,

Sabic starts trial operations at new rubber plant (Trade Arabia - 04/04/2016)

Saudi Basic Industries Corporation (Sabic) said on Sunday that it had started trial operations at a new rubber plant it has built as a joint venture with a unit of ExxonMobil. Trial operations had started at the carbon black and utilities unit of the

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