Company maintains ratings for SABIC, Almarai and SEC, saying the price rise will only lead to a marginal increase in production costs for them
saudi basic industries corporation
Latest in saudi basic industries corporation
SABIC
Saudi Arabia’s SABIC announces $6.4bn investment in Fujian petrochemical complex in China
The project is to be set up as a JV between SABIC Industrial Investments and Fujian Fuhua Guli Petrochemical Co., on a 51:49 equity stake basis
chemical industry
SABIC opens new industrial chemicals unit in Jeddah
The new factory will strengthen Saudi Arabia’s position as a source of safe plasticisers, which are widely used in manufacturing processes and plastic applications
chemical industry
Saudi Arabia’s Sabic CEO Yousef Abdullah Al-Benyan resigns
Al-Benyan stepped down as chief executive officer as he takes on a new role as the Kingdom’s education minister
Aramco IPO
Finance chief who steered Saudi Aramco through IPO to step down
Al-Dabbagh, 59, will reportedly join the company’s board and retain the chairmanship of Aramco’s chemicals subsidiary, Saudi Basic Industries Corp.
Crown Prince Mohammed bin Salman
Saudi Aramco plans $75bn dividend in 2020 to tempt IPO investors
Saudi Aramco could boost the dividend still further with one-off rewards to shareholders
Competition Commission of India
India’s competition watchdog clears way for Saudi Aramco’s acquisition of SABIC
SABIC is mainly active in the supply of agri-nutrient and petrochemical products in India
chemical manufacturing
Sabic dismisses Clariant takeover talk
CEO stresses stake in Swiss chemicals specialist is purely strategic investment
chemical manufacturing
Saudi chemical giant Sabic sees profit plunge to lowest in 10 years
Saudi Basic Industries’ profits for the second quarter and first half of this year dived due to a sharp decline in product prices
chemical manufacturing
Saudi’s Sabic, Clariant suspend talks on $3.1bn chemicals project
Clariant chairman says discussions with Sabic on specialty plastics venture will resume when markets improve
climate change
How Saudi’s SABIC plans to help save the planet
Saudi chemicals giant unveils ambitious targets relating to resource efficiency, climate change, food security, infrastructure and the environment
chemical manufacturing
Saudi’s Sabic, Exxon Mobil approve Texas chemical plant plan
Project will be the world’s largest steam cracker and create $50bn of ‘economic output’ in the first six years
petrochemical products
Saudi’s Sabic profit slumps 38% on low product prices
Sabic said lower sales were ‘driven by global slowing demand growth coupled with a slow start of the year and relatively high level of inventories’
SABIC
How Aramco’s giant 2018 profit dwarfs joint earnings of 163 Saudi stocks
$111bn earned by state oil major dwarfs the $28.4bn combined net income for all the companies traded in Riyadh
Amin Nasser
Video: Aramco and SABIC sign record Middle East deal
Saudi state oil giant Aramco said Wednesday it is buying a majority stake in petrochemicals behemoth SABIC for $69.1 billion, a deal that gives the crown prince’s ambitious reform programme a massive cash boost.
bond market
Saudi Aramco said to plan $10bn bond next week
Sources say state oil giant could issue its first international bond to help fund acquisition of Sabic stake
Aramco
Aramco, Uber deals take Middle East M&A volume near Europe levels
Acquisitions involving targets in the Middle East and Africa are up more than six-fold this year to $103.4bn