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28/01/2018 13:04 AST
Saudi Basic Industries Corp (SABIC) said on Sunday it took a 350 million riyals ($93.34 million) impairment on its steel unit, Hadeed, in the fourth quarter and still sees challenges in the steel market.
SABIC CEO Yousef al-Benyan told a news conference that he was optimistic about the outlook for 2018, as an increase in oil prices reflect positively on petrochemical prices.
Benyan also said the company can self-finance the acquisition of a nearly 25 percent stake in Clariant, which was announced last week.
SABIC, the world's fourth-biggest petrochemicals company, reported an 18.6 percent drop in fourth-quarter net profit on Sunday, citing lower output and sales.
Reuters
28/01/2018
Riyad Bank, one of the largest financial institutions in Saudi Arabia, said its investment banking arm is set to distribute dividends worth SR15 million ($4 million) to the unitholders of its real es
Trade Arabia
14/11/2017
Riyad REIT Fund announces Capital Market Authority approval on 12/11/2017 for changes to the Board of Directors effective on the 12th of November 2017. The changes will be as the following:
Tadawul
15/10/2017
Riyad REIT announces that on 12/10/2017 the fund signed a sale and purchase agreement with the Higher Education Fund to acquire the building of Saudi Electronic University located in Ar Rabi district
Tadawul
Ticker | Price | Volume |
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Ticker | Price | Change |
---|---|---|
ALRAJHIREIT | 8.16 | -0.04 (-0.49 |
JADWAREITSAUDI | 10.23 | -0.03 (-0.30 |
ALWAHAREIT | 10.44 | -0.32 (-2.98 |
BONYANREIT | 9.14 | -0.11 (-1.19 |
SEDCOCAPITALREIT | 6.64 | -0.06 (-0.90 |
14/08/2025
Al Ansari Financial Services, the largest non-banking financial institution and services provider in the GCC, has reported record results for the first half of 2025, with operating income rising 13 p
Khaleej Times
14/08/2025
Salik Company, Dubai's exclusive toll gate operator, has reported a record performance in the first half of 2025, with net profit after taxes rising 41.5 per cent year-on-year to Dh770.9 million.
Khaleej Times
13/08/2025
AlRayan Bank, one of Qatar's largest Islamic banks with an international footprint, has successfully gone live with Finastra corporate channels, enhancing and streamlining its corporate digital banki
Gulf Times
13/08/2025
Agility Global, a multi-business owner, operator and long-term investor, has reported Q2 2025 earnings of $24 million, or 0.24 cents per share.
EBIT grew 5% to $97 million, EBITDA increas
Trade Arabia
13/08/2025
Kuwait Airways is pushing ahead with plans to develop the national carrier and strengthen its position among the leading airlines in the Gulf, despite ongoing challenges related to aircraft delivery
Kuwait Times