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FINANCIAL NEWS
Saudi petrochemical companies’ profit up 14.4 percent
30 Jul 2014
(MENAFN) Profits of the listed petrochemical companies boosted by 14.4 percent to USD4.94 billion in the first six months of the current year compared to USD4.31 billion in the same period last year, according to Arab News.
Capital of the 14 listed firms reached at USD24.52 billion as their market capitalization reached USD168.2 billion, or 30 percent of the value of all companies listed in the market.
Saudi Basic Industries Corp. (SABIC) has the biggest capital among all petrochemical firms at USD7.99 billion, followed by Saudi Kayan Petrochemical Company (Saudi Kayan) at USD4 billion, Petro Rabigh at USD2.33 billion.
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