Thursday 29 January 2015
 
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Sabic Q4 profit down 29pc to $1.16bn

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 29 per cent plunge in fourth-quarter net income on Sunday, widely missing analysts' forecasts because of the tumble of global oil prices.

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Sabic Q4 profit down 29pc to $1.16bn

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 29 per cent plunge in fourth-quarter net income on Sunday, widely missing analysts' forecasts because of the tumble of global oil prices.

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Yansab Q4 net profit rises 39.7pc, beats forecasts

Saudi Arabia's Yanbu National Petrochemical Company (Yansab) reported a 39.7 per cent rise in fourth-quarter net profit on Tuesday, beating analysts' forecasts as productivity and sales increased from a year earlier. The f

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Sabic unveils new award to spur smart plastics in Saudi

Saudi Basic Industries Corporation (Sabic) has launched an annual innovation award, a new initiative specific to Saudi Arabia that will offer a grand cash award of up to SR10 million ($2.6 million). The Sabic Innovation Award will

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Safco Q4 net profit falls 3pc, misses forecasts

Saudi Arabian Fertilizer Company (Safco) reported a 3 per cent drop in fourth-quarter net profit on Monday, missing analyst forecasts due to lower ammonia sales and reduced profits from a sister company. The company, a unit of Sau

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Saudi Kayan appoints new chairman

Saudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corp (Sabic), replaced its chairman of the board, the company said in a statement. Omar Al-Amoudi, executive vice president of shared services at Sabic and

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Sabic JV to set up nanomaterials plant

Saudi Basic Industries Corporation (Sabic), ranked among the top petrochemical companies in the world, has joined hands with Molecular Rebar Design, a company based in Texas (US), to develop and commercialise nanomaterials for select market segm

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Safco halves dividend for H2 2014

Saudi Arabia Fertiliser Co (Safco) said its board has proposed a cash dividend of 3 riyals ($0.8) per share for the second half of 2014.   The figure, announced in a bourse s

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Safco halves dividend for H2 2014

Saudi Arabia Fertilizer Company (Safco) said on Monday its board has proposed a cash dividend of SR3 ($0.8) per share for the second half of 2014. The figure, announced in a bourse statement, is down from the SR6 per share that th

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Sabic's finance head says leaving to become Tasnee CEO

The chief financial officer of Saudi Basic Industries Corp (Sabic) said he has left the petrochemical company to become chief executive of National Industrialisation Co (Tasnee).  

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