Page 13 - Saudi Basic Industries News Today

South Korea’s steel conglomerate SeAH Group has set up a joint venture with Saudi energy giant Aramco to produce special steel pipes, a report said.

RIYADH: Saudi Arabia’s main stock index gained 0.3 percent on Tuesday, buoyed by chemical giant Saudi Basic Industries Corp. which posted higher second-quarter profits. TASI closed the session at 12,330, while the parallel Nomu market added 0.6 percent to 22,199. Abu Dhabi and Dubai advanced by 0.2 and 1.1 percent, respectively, while Qatar, Oman, and Kuwait all lost between

RIYADH: Saudi Basic Industries Corp.’s shares gained as they kicked off trading on Tuesday, after the company reported an earnings rise for the second quarter of 2022. SABIC, as the chemical giant is known, reported a 4 percent jump in profits to SR7.93 billion ($2.1 billion) from SR7.6 billion in the same period a year earlier. Read More: Chemical giant SABIC’s Q2 earnings

RIYADH: Chemical giant Saudi Basic Industries Co. expects profit margins to remain under pressure in the second half, despite posting a nearly 4 percent surge in second-quarter earnings, as cost burdens persist. “Due to slowdown in global gross domestic product growth, lockdowns in China, conflict in Europe, and continued supply chain challenges, we expect margins to be under

RIYADH: Saudi Basic Industries Corp. and anti-bribery firm Trace International have successfully provided compliance training to 4,500 third-party business partners since July last year to advance corporate governance in the organization. According to SABIC vice president of legal affairs Naveena Shastri, each of the company’s third-party business partners, which included

Here's a deal that was nailed down under slippery circumstances, which is exactly how both parties wanted it. Petroleum giant Saudi Aramco...

The announcement of the 10 board members marks the next step toward keeping the regions airshed in line with national standards.

/PRNewswire/ -- Expanded polystyrene is made from polystyrene solid beads, which are produced from the emulsion polymerization of the styrene monomer. It is a...

RIYADH: Kazakhstan President Kassym-Jomart Tokayev has invited Saudi companies to invest in the central Asian country as it offers a lot of opportunities in the areas of energy, space, recycling, food and agriculture, and construction. While speaking at the Saudi-Kazakhstan Investment Meeting in Jeddah on July 24, Tokayev urged mutual cooperation between the countries to

In April, Naif Sheshah, the assistant deputy governor for planning and development and chief digital officer at Saudi Arabia’s Communications and Information Technology Commission, was named as one of 110 young global leaders by the World Economic Forum. He joined the commission in November 2016 as general manager for strategic planning and development and acting GM of its