Please wait...
GulfBase Live Support
- Lebanon receives preliminary approval to increase World Bank loan to $400m
- China Exempts Some Goods from US Tariffs to Limit trade War Pain
- Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as 9th year milestone marked
- Foreign investors remain net buyers of GCC stock market in first quarter
- Quarterly earnings announcement, tariff hold supports QSE index rise
- Gold prices drop more than 1%
- Saudi Arabia's Vision 2030 enters final phase with strong momentum
- Saudi Arabia takes part in European Economic Congress
- UAE jobs: Etihad Airways to hold career fair for Emiratis on May 22
- Adnoc Distribution to operate 500 high-power EV chargers by 2028
29/10/2013 09:08 AST
Profits of Saudi Industrial Investment Group (SIIG) dropped by one percent to SR511 million in the last nine months of 2013 compared to SR517.6 million in the same period last year, local media said quoting a company's report.
The SIIG group, which is listed on Saudi stock exchange (Tadawul), attributed the fall in profits to the commercial operation of the National Petrochemical Company (PetroChem) and the rise in sales and distribution expenses.
Accordingly, share of the group's losses at PetroChem increased to SR70 million in Q3, 2013 from SR29 million in the comparable period last year, the report said.
The group cited other reasons for profits fall, including shutdown of Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP) for regular and unscheduled maintenance works in Q1, 2013. Both companies are 50 percent owned by the SIIG.
However, there was an increase in the net profit in Q3 compared to the same quarter in 2012 due to the clear improvement in the results of the company's shared projects, SCP and JCP, the report said.
SIIG is said to be one of firms concerned with the improving and developing the industrial base in the Kingdom, especially the petrochemical industries. It has a varied products of ethylene, polyethylene, hexane, polypropylene, and polystyrene.
Arab News
31/01/2018
SIIG announces that its two projects Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP) located in Jubail industrial city, have started their planned periodic maintenance shutdowns that i
Tadawul
20/03/2014
In reference to SIIG announcement on Tadawual website on 3-4-1435 corresponding to 3-2-2014, regarding the progress and developments of Petrochemical Conversion Company (PCC) at Jubail Industrial Cit
Tadawul
17/12/2012
SIIG Board of Directors, at its meeting held Sunday December 16th 2012; recommend to the General Assembly the distribution of SR (450) Million in dividends to shareholders for 2012 at SR (1) per shar
Tadawul
| 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 |
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
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
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia