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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

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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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