Friday 18 April 2014
 
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sabic

Sabic CEO meets China PM at Boao Forum

Mohamed Al-Mady, Sabic vice chairman and CEO, has reaffirmed Sabic’s commitment to Asia and China’s inclusive growth by increasing its investments in the region and supporting sustainable development. Al-Mady was deliv

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Sabic showcases steel products at Riyadh expo

Saudi Basic Industries Corp showcased its wide range of steel products for the building and construction sector at the Metal & Steel Saudi Arabia 2014 exhibition held recently in Riyadh.   The company's p

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Yansab Q1 net profit drops 16.7pc

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) missed the average forecast of analysts as it posted a 16.7 percent decline in first-quarter net profit on Monday, citing lower prices for some of its products. The firm,

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Sabic to pay $2.3bn in cash dividend for H2

Saudi Basic Industries Corp (Sabic) has approved its board’s recommendation to distribute SR9 billion ($2.3 billion) in cash dividends at SR3 per share for the second half of last year.   Shareholders regis

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Safco Q1 profit drops 9.6pc

Saudi Arabia Fertilizers Company reported a 9.6 percent drop in first-quarter net profit on Sunday, as prices for its products fell, but the earnings still beat analyst estimates. The company, a unit of Saudi Basic Industries Corp

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Sabic plans to lift steel capacity to 10m tonnes

Saudi Iron and Steel Co (Hadeed), the metals affiliate of Saudi Basic Industries Corp (Sabic), plans to add 4 million tonnes of annual steel output capacity to reach 10 million tonnes by 2025, an executive said. "Sabic's

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Sabic wins top CSR award

Saudi Basic Industries Corporation (Sabic) has received the 2014 GCC-CSR Award for being the best performing Corporate Social Responsibility company in the Gulf region. The award reflects the company’s long experience in com

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Maaden secures $2bn loan for phosphate plan

Saudi Arabia's state-owned Public Investment Fund will provide $2 billion financing for a phosphate project planned by Saudi Arabian Mining Co (Maaden), Saudi Basic Industries Corporation (Sabic) and Mosaic, said a report. The

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Sabic opens technology centre in South Korea

Sabic’s Innovative Plastics business  has opened a new global technology centre in South Korea in partnership with the Sungkyunkwan University (SKKU) in Suwon.   The centre will focus on electronics an

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Saudi plans new firm to invest in manufacturing

Saudi Arabia's cabinet has approved the creation of a new company to invest in manufacturing industries as the world's top oil exporter tries to diversify its economy and generate jobs, state news agency SPA said on Monday.

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