14 Sep 2015
(MENAFN) Saudi petrochemical giant SABIC announced logging a 39 percent drop in its net profit in the January-March period of 2015 compared to a year earlier, dragged down by plunging oil prices.
SABIC the largest publicly traded firm in the Gulf reported q net profit of USD1.05 billion for the first quarter period. That compared with a net profit of USD1.71billion logged in the same quarter of 2014.
SABIC is one of the world’s largest petrochemical manufacturers producing chemicals fertilizers plastics and metals. Global crude prices have halved since mid-2014 on global oversupply and weak demand.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more