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FINANCIAL NEWS
Saudi SABIC, Spain’s Tecnicas Reunidas ink petchem plant deal
10 Jun 2012
(MENAFN) Saudi Basic Industries Corp (SABIC) announced that it inked an initial agreement with Tecnicas Reunidas, a Spanish oil engineering firm, to construct a petrochemical plant in Saudi Jubail, reported Arabian Business.
The world’s biggest petrochemicals group by market value added that the deal for the project, which is forecasted to cost USD561 million, was signed by its subsidiary Petrokemya.
It said that initial operations at the acrylonitrile butadiene styrene (ABS) factory are scheduled to begin in 2014’s last quarter, while annual output capacity is expected to reach 140,000 tons.
It is worth noting that ABS is used by the automotive industry, in addition to others.
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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