Page 15 - Saudi Basic Industries News Today

The academy is designed to be 36,760 square feet and located at the new Del Mar College southside campus.

RIYADH: Shares in Saudi giants Aramco and Saudi Basic Industries Corp. advanced on Tuesday after credit rating agency Fitch upgraded its outlook for both firms. Chemical firm SABIC’s stock gained 1 percent to SR122 ($33) as of 11:00 a.m. Saudi time, and it's parent Aramco edged 0.12 percent higher to SR43, implying a market cap of SR8.6 trillion. Fitch Ratings had revised the

RIYADH: A plunge in oil prices weighed on major Gulf markets on Monday, but Saudi Arabian stocks bucked the trend to close higher. Even as TASI the main index advanced by 0.6 percent to reach 13,543 points, the Kingdom’s parallel market, known as Nomu, shed 1.3 percent to 23,521 points. Stock exchanges of Qatar, Abu Dhabi, and Dubai dropped 1.6, 0.9, and 0.8 percent,

Rashed Sharif has been the CEO and a member of the board of directors of SNB Capital since February 2021. He was formerly a member of the bank’s executive committee and vice chairman of the board. Before joining SNB, Sharif was head of the local holding investments division at the Public Investment Fund from 2017 to 2020. He was also a member of the PIF management committee

The leak occurred in September 2020 and resulted in more than 22,000 pounds of styrene vapor being released.

RIYADH: Saudi Basic Industries Corp.— known as SABIC — completed the purchase of Clariant’s 50 percent stake in specialties company Scientific Design. With this transaction, the Riyadh-based chemicals maker will fully own Scientific Design, which is a leading licensor of high-performance process technologies and catalysts producer, according to a statement. ‘‘The acquisition

The leak occurred in September 2020 and resulted in more than 22,000 pounds of styrene vapor being released. The state announced the $322,400 fine in an April 13 news release.

Mohammed Al-Shammari has been chairman of the board at the AlUla Peregrina Trading Co. — 100 percent owned by the Royal Commission for AlUla — since August and the RCU’s chief economic and social development officer since March 2020. A Harvard Business School alumnus, he has more than 17 years’ experience working in the healthcare, insurance, and business sectors, most

RIYADH: Chemical giant Saudi Basic Industries Corp. saw its share price drop in today’s trading session, after shareholders approved record dividends for 2021. Shares fell by 2.4 percent to SR132 ($35), down from SR136 at the previous close. With the latest decline, SABIC now holds a market valuation of SR397 billion. This followed the disclosure of shareholders’ general

RIYADH: Saudi main stock index TASI started the trading week higher on Sunday, propelled by lifted investor appetite. At the closing bell, TASI was up 0.6 percent to 13,395 points, while the parallel market Nomu edged down to 24,245. Qatar topped GCC stock exchanges, adding 2.8 percent, followed by Oman and Bahrain. Kuwait’s BKP and the Egyptian index EGX30 shed 0.3 and 1.8