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Business

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

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
INSEAD Day 4- 300x600
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