Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Bahrain All Share Index, Islamic Index close higher
- CBB Government Development Bond issue 39 oversubscribed by 308%
- Closing Bell: TASI closes in green at 11,764
- Qatar, Germany discuss mutual investments to strengthen ties
- Al Ahlia wins contract to build largest Merc-Benz facility in Kuwait
- Quarterly earnings announcements, tariff hold support stock market's rise: financial analyst
- Gold rebounds on dip buying despite US-China trade deal hopes
- China says US should revoke unilateral tariffs, denies talks
- Saudi Awwal Bank signs SR2 billion credit facility with Saudi Binladin Group
- World Bank forecasts MENA growth at 2.6% in 2025, 3.7% in 2026
11/04/2016 10:16 AST
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 January that it would shut the plant down on March 1 for 48 days, having initially postponed the work from last October.
The shutdown would also halt the production of polycarbonate, ethoxylates and amines for 53 days.
Kayan said on Monday that all plants which depended on the ethylene glycol and oxide ethylene complex would be restarted according to a set timeframe.
Kayan said previously that the financial impact of the shutdown would amount to about 96 million riyals ($25.6 million), which would be reflected in its first- and second-quarter results.
Three analysts polled by Reuters have, on average, forecast that Kayan will make a net loss of 373.77 million riyals in the first quarter, a narrower loss than the corresponding period of 2015. ($1 = 3.7499 riyals)
Reuters
22/10/2017
Net income of SAR 381.0mn, beats Al Jazira Capital estimate and market consensus. Net income was supported by higher than expected operating rate and higher margins. Gross margin increased on YoY bas
GulfBase
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 i
GulfBase.com
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 624.1
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SABIC | 62.00 | 0.80 (1.30 |
| MAADEN | 47.00 | 2.55 (5.73 |
| SABICAGRINUTRIENTS | 103.20 | -0.40 (-0.39 |
| MARBLEDESIGN | 76.00 | -0.70 (-0.92 |
| LIMEINDUSTRIES | 12.86 | 0.64 (5.23 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia