21 Apr 2014
(MENAFN) Saudi Basic Industries Corp. (SABIC) said that its earnings in the first quarter of 2014 were lower than expected as it posted a drop in earnings, according to Arab News.
The company said that a shortage of natural gas was limiting its domestic growth, making expansion abroad vital.
Net profit of SABIC, the biggest listed company in the Gulf and one of the world”s largest petrochemical firms, dropped by 1.8 percent in the first quarter of the current year compared to the same period 2013 to reach USD1.72 billion.
That was slightly lower than the expected average, which was USD1.810 billion quarterly profit.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
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
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