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SABIC agrees petrochemicals project with China’s Shenhua (Arab News - 31/05/2016)

Saudi Basic Industries Corp. (SABIC), one of the world’s largest petrochemicals groups, said on Monday it had signed an agreement with Shenhua Ningxia Coal Industry Group to build a petrochemical complex in China. SABIC said in a statement the joint

Alba Line 6 capex down to around $3bn (Trade Arabia - 30/05/2016)

Aluminium Bahrain (Alba), the Bahrain-based international smelter, announced that the capex associated with Line 6 Expansion Project was brought-down from $3.5 billion to around $3 billion. As per the initial bankable feasibility study, the capex for

SABIC hosts ‘Innovation Day’ in support of Kingdom’s new vision (Saudi Gazette - 29/05/2016)

SABIC showcased a range of futuristic, innovative products at the second edition of its bi-annual Innovation Day in Riyadh on May 25 and 26, demonstrating how research excellence has played a large part in making the company an outstanding success story,

SABIC CEO assumes role as GPCA chairman (Arab News - 26/05/2016)

Yousef Abdullah Al-Benyan, CEO and vice chairman of Saudi Basic Industries Corporation (SABIC), has been elected as the chairman of the Gulf Petrochemicals and Chemicals Association (GPCA). He was previously the vice chairman of the GPCA and will assume

Alba wins top safety recognition (Trade Arabia - 18/05/2016)

Aluminium Bahrain (Alba), a leading aluminium smelter in the world, has been awarded the British Safety Council’s (Gold) International Safety Award for 2015 for its commitment and diligent efforts towards maintaining safety, health and well-being of its

Sipchem hopes to complete sukuk soon (Arab News - 16/05/2016)

Saudi International Petrochemical Co. (Sipchem) hopes to complete a SR1.8 billion ($480 million) sukuk issue next month, its chief executive told Reuters. Ahmad Al-Ohali also said the firm would be open to reviving its aborted merger with Sahara

Saudi Sipchem to recall sukuk before maturity: bourse filing (The Peninsula - 12/05/2016)

Saudi International Petrochemical Company (Sipchem) plans to recall a sukuk maturing on July 6 three weeks early, it said in a bourse statement on Thursday. The firm will send a notice to sukuk holders informing them of its intentions and will use

Aramco to sign chemicals project with Sabic (Reuters - 10/05/2016)

National oil giant Saudi Aramco expects soon to sign a memorandum of understanding with Saudi Basic Industries Corp (Sabic) for a joint oil-to-chemicals project, chief executive Amin Nasser said on Tuesday. Sabic has previously said the proposed project

Alba official among top in Mideast (Gulf Daily News - 09/05/2016)

Bahrain-based international aluminium smelter Alba’s chief financial officer (CFO) Ali Al Baqali has been named in the top 50 of Global Finance magazine’s Who’s Who in Middle Eastern Finance 2016 list. This is a top honour for Mr Al Baqali who is among

SABIC CO2 purification plant boosts operational efficiency (Saudi Gazette - 05/05/2016)

Since sustainability became a foundation of our 2025 strategy – the roadmap to our emergence as the preferred world leader in chemicals – we have come a long way, Yousef Al-Benyan, acting Vice-Chairman and CEO of SABIC, said Wednesday at the launch of

SABIC highlights innovation with details (Press Release - 04/05/2016)

The SABIC Sustainability Report 2015, entitled Enabling Tomorrow’s Solutions, released today, features the company’s sustainability achievements throughout the world and highlights how SABIC is setting the standards for innovation and sustainable

Sabic eyes US shale gas for petchem unit growth (Trade Arabia - 04/05/2016)

Saudi Basic Industries Corporation (Sabic) is targeting North America for the shale gas needed to fuel growth at one of the world's largest petrochemicals groups, its chief financial officer said on Tuesday. The company has said previously that a

Alba registers net profit of $11.2m (Gulf Daily News - 03/05/2016)

Aluminium Bahrain (Alba), owner of one of the world’s largest aluminium smelters, reported 88.6 per cent fall in first-quarter net profit as a result of a collapse in aluminium prices. Alba’s net income for the three months to March 31 was BD4.2 million

Sipchem plans sukuk investor meetings in May (Trade Arabia - 02/05/2016)

Saudi International Petrochemical Company (Sipchem) will begin investors meetings in May for a potential issue of sharia-compliant bonds, the firm said on Sunday. Sipchem has appointed Riyad Capital and NCB Capital as managers of the possible sukuk, the

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