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FINANCIAL NEWS
Saudi SABIC launches committee to support SMEs in KSA
19 Jan 2016
(MENAFN) Saudi Basic Industries Corporation (SABIC) has launched a committee to promote the SMEs in the Kingdom, which will function with the collaboration of the Ministry of Commerce.
Moreover, SABIC will forge ahead with new strategies that will be unveiled for this current year in order to increase the Co. presence in nations like Indonesia, Malaysia and others.
Additionally, it will also focus on the need for increased keenness regionally, across the GCC and internationally to ensure increased growth.
The net income for SABIC in 2015 was USD 5.01bn, 19.57 percent lower than 2014, when net profit was USD 6.23bn.
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