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Business

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

SABIC stock leaps up to 7-year high, trades at SR134.60

SABIC operates in the petrochemical, fertilizer, iron, steel and aluminum industries.
By TRENDS Desk
October 17, 2021 4:22 pm
  • The stock is currently trading up just under 1 percent, with trading exceeding 500,000 shares so far
  • Today’s rise has pushed the stock up a staggering 120 percent since March 2020

For the first time in nearly seven years, the stock of Saudi Basic Industries Corporation (SABIC) has touched its highest level at SR134.60 on Sunday, according to Argaam.

The stock is currently trading up just under 1 percent, with trading exceeding 500,000 shares so far.

Today’s rise has pushed the stock up a staggering 120 percent since March 2020.

The Saudi company operates in the petrochemical, fertilizer, iron, steel and aluminum industries with Saudi Aramco the largest investor, with a share of 70 percent.

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INSEAD Day 4- 300x600
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