The company had posted a profit of $2.67 billion in 2022.

The Saudi giant will develop the US$6.4bn plant in Fujian.

The dividend of $1.27 billion is payable on Mar 4, 2024.

The company had posted a net profit of $4.32bn in 9M 2022.

SABIC Agri-Nutrients Q3 net profit fell 55% to $280 million.

The plant is located in their jointly owned petrochemical firm.

The second quarter net profit fell 85 percent on weaker demand.

The drop was even higher (79 percent) in the second quarter.

Riyadh, Saudi Arabia -- Aramco, TotalEnergies and SABIC have completed for the first time in the Middle East and North Africa (MENA) region the first conversion of oil derived from plastic waste into circular polymers certified with the International Sustainability and Carbon Certification (ISCC+). The plastic pyrolysis oil, also called...

It will provide health insurance to SABIC staff and their families.

SABIC's board cleared an 18 percent cash dividend at $0.48 per share.

Dhahran, Saudi Arabia -- The Saudi Arabian Oil Company (Saudi Aramco) denied reports that its plans for blue hydrogen were temporarily suspended.The company confirmed in a statement today that its goal to produce up to 11 million tons of blue ammonia, a carrier of blue hydrogen, by 2030, remains unchanged,...

The company expects Q2 margins to remain under pressure.

The firms said margins will continue to be under pressure in H1.

The high-density polyethylene complements its Trucircle range.

They will explore refining and petrochemical projects in China.

They will study feasibility of Polish petrochemical sector investment.

Saudi Arabia is focused on offering solutions that make global trade more predictable and reliable, says Faisal bin Fadhil Alibrahim at an event in Riyadh.

Chemical companies in the Gulf region are likely to cope relatively well with the current stresses of rising rates and higher energy costs, says a recent report.

Riyadh, Saudi Arabia--SABIC, BASF and Linde have begun work on the construction of the world's first model of an electrically heated steam cracking unit. The new technology relies on the use of electricity from renewable sources instead of natural gas, which can reduce carbon dioxide emissions from one of the...

The Saudi firm's net profit was fueled by higher sales volume.

Saudi oil giant Aramco and SABIC Agro-Nutrients Company have obtained the world's first independent certifications recognizing the production of blue hydrogen and blue ammonia. TUV Rheinland, a system testing, inspection and certification services provider based in Germany, awarded these certifications to SABIC Agri-Nutrients Company in Jubail, for its production of...

The chemical giant of KSA has posted SR6.47bn profit in Q4.

The Saudi firm says it seeks to capitalize on opportunities through innovative and sustainable solutions, focusing on petrochemical products in 2022.

The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent.

The head of Saudi Basic Industries Corporation (SABIC) has urged ‘chemical companies’ to decarbonize promptly in order to improve what he termed as green credentials.

Saudi Arabia's 10 biggest companies witnessed the recovery of dividends paid out to investors in 2021, as the economy began to rebound from Covid-19 setbacks, although it remains to be seen how the Omicron variant will affect the gains. The 10 companies, valued at more than $2 trillion (SR 7.5...

The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.

Stock markets in the Arab region were mostly in the green in the week gone by.

The investment is expected to improve operations at a UK plant.

Saudi Basic Industries Corp. (SABIC) has posted a nearly 400 percent spike in net profit to $1.5 billion for the third quarter as revenues grew on the back of higher prices.

The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is expected to grow by 5.1 percent next year.

Sabic, WEF, and global companies will formalize the plan.

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.

Saudi Basic Industries Corporation is the chemical arm of Aramco.

Saudi Basic Industries Corp. (SABIC) has reported a big jump in second-quarter profit as it sold more chemicals at higher prices than the previous quarter amid an increase in crude prices.