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FINANCIAL NEWS
Saudi’s SABIC net profit drops by 13.2 percent
20 Apr 2016
(MENAFN) Saudi Basic Industries Corp. (SABIC) posted a net profit of USD 0.91bn in Q1, 2016, drop from USD 1.047bn in the same period last year.
Accordingly, the decline was attributed to lower average sales prices, while the net loss for the metals segment amounted to USD 193.24mn.
However, the increase in net income is attributable to lower administrative cost, and higher other incomes in addition to lower losses from the metals segment.
Moreover, innovation is one of the key enablers of SABIC’s 2025 plan and will continue investing in it.
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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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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