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FINANCIAL NEWS
Saudi Safco reports USD306m profit in Q3
14 Oct 2012
(MENAFN) Saudi Arabian Fertilizer Company (Safco), a unit of Saudi Basic Industries Corp (Sabic), the world’s biggest petrochemical company by market value, posted a 5.1 percent drop in quarterly profits on lower urea prices, Reuters reported.
The company said it earned USD306 million net profit during the third quarter compared to a year earlier.
However, the results were 47 percent higher than the second quarter, when a plant shut down impacted production.
Gross income for the quarter declined by 1.8 percent compared to a year ago, the company added.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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