Page 12 - Saudi Basic Industries News Today

RIYADH: Chemical giant Saudi Basic Industries Corp. has announced the resignation of its CEO Yousef Al-Benyan, after being appointed Minister of Education by Royal Decree. Accordingly, SABIC’s Board appointed Abdulrahman Al-Fageeh as acting CEO for six months effective Sep. 28, 2022, according to a bourse filing. The Riyadh-based company reported a 33 percent surge in

Dublin, Sept. 23, 2022 (GLOBE NEWSWIRE) -- The "Styrene Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. This...

RIYADH: Gulf Ferro Alloys Co. is seeking to list its shares on Saudi Arabia’s parallel market Nomu by 2024, General Manager, Qusay Al-Khalili, told Argaam. The company, which is known as Sabayek, is currently working on its internal procedures and governance, as well as preparing the regulatory documents for the offering, according to Al-Khalili. “We are producing 130,000 tons

RIYADH: Saudi Arabia’s main index started the week’s final session higher despite new data showing Saudi Arabia’s annual inflation rate rose to a 14-month high of 3 percent in August, alarming investors. The Tadawul All Share Index started the week’s final session with a 0.45 percent gain at 11,946, while the parallel market Nomu opened with a 0.21 percent drop at 20,806, as

RIYADH: Saudi Arabia’s main index started on a positive note on Monday’s trading session, lifted by a rebound in oil prices. TASI edged up 0.1 percent to start at 11,951, while the parallel market Nomu declined 0.1 percent at 20,717, as of 10:06 a.m. Saudi time Saudi oil giant Aramco climbed 0.27 percent, while Rabigh Refining and Petrochemical Co. edged down 0.38 percent. Al

/PRNewswire/ -- The Global Power Management Integrated Circuits (PMICs) Market (2022-2027) by Type, End-use Industry, Geography, Competitive Analysis and the...

Saudi Basic Industries has partnered with SK Geo Centric to increase production of advanced polyolefin materials capacity at an existing facility in South Korea.

RIYADH: SABIC SK Nexlene Co., a joint venture between Saudi Basic Industries Corp. and SK Geo Centric, have entered into an agreement with the Ulsan Metropolitan City in South Korea to invest in the construction and expansion of high-value chemical products plants. The 50:50 joint venture SSNC will expand production lines of polyolefin elastomers, also known as POEs. These

RIYADH: Saudi Basic Industries Corp. has awarded an SR24 million ($6.4 million) deal to homegrown Gas Arabian Services Co. for the maintenance of its Petrokemya plant for one year. The move is expected to have an impact on Gas Arabian Services’ financial statements a year from now, according to a filing. Jubail-based Petrokemya, also known as Arabian Petrochemical Co., is a

/PRNewswire/ -- The increasing demand for specialty chemicals from the agrochemical industry is driving the specialty chemicals market growth. However, factors...