Page 27 - Saudi Basic Industries News Today

Wall Street’s Eyes on Riyadh Just as Wealth Fund Pivots Home Bloomberg 1/27/2021 Abeer Abu Omar, Matthew Martin and Vivian Nereim (Bloomberg) -- Saudi Arabia’s $400 billion sovereign wealth fund will find it tough to repeat its success of recent years when it made its mark globally as a source of cash for asset managers, tech entrepreneurs and tycoons. Ahead of the kingdom’s flagship investment conference this week, Saudi Crown Prince Mohammed bin Salman laid out the fun...

3 Min Read (Reuters) - Most major Gulf markets finished higher on Monday, in line with global shares, as optimism over a $1.9 trillion U.S. stimulus plan outweighed concerns about rising COVID-19 cases and delays in vaccine supplies. FILE PHOTO: Investors share a laugh as they monitor stocks at the Dubai Financial Market, June 17, 2013. TREUTERS/Jumana El Heloueh Global equity markets scaled record highs last week on bets vaccines will start to reduce infection rates worldwide, and on hopes for...

Here are a few things you need to know as Saudi stocks start trading on Sunday. 1) Saudi Kayan Petrochemical Co.’s (Saudi Kayan) net loss after Zakat and tax widened to SAR 784.7 million for the fiscal year 2020. 2) stc reported net profit after Zakat and tax of SAR 11.085 billion for FY2020, rising 4% year-on-year (YoY). 3) Saudia Dairy & Foodstuff Company (SADAFCO) reported a net profit after Zakat and tax of SAR 205 million for the first nine-month period ended Dec. 31, 2020, a rise of 7%...

Most stock markets in the Gulf ended lower on Sunday, with Dubai extending losses from the previous session as rising COVID infections in the United Arab Emirates weighed on sentiment.

Before it launched the world’s biggest public listing, Saudi Arabian Oil Co. promised potential investors a small piece of a trillion-dollar company with access to unrivaled oil reserves. Not just in sheer volume but in climate friendliness, too. Aramco executives emphasized in the run-up to an IPO in 2019 that drilling Saudi oil generates fewer planet-warming emissions than other producers. “Not because our crude is cleaner than other crudes globally. It’s because of our standards,” ...

Aramco Omits Carbon Data for Up to Half Its Real Climate Toll Bloomberg 1/21/2021 Akshat Rathi, Matthew Martin and Anthony Di Paola (Bloomberg) -- Before it launched the world’s biggest public listing, Saudi Arabian Oil Co. promised potential investors a small piece of a trillion-dollar company with access to unrivaled oil reserves. Not just in sheer volume but in climate friendliness, too. Popular Searches Aramco executives emphasized in the run-up to an IPO in 2019 that dr...

Page Not Found | ZAWYA MENA Edition

SABIC hasn’t decided on a venue for the sale.

Publishing date: Jan 18, 2021  •  January 18, 2021  •  1 minute read  •  Article content (Bloomberg) — Saudi Basic Industries Corp. has shortlisted banks including Citigroup Inc. and Morgan Stanley for potential roles on an initial public offering of its specialty chemicals unit, people familiar with the matter said. The Wall Street banks and others bid for the deal and Sabic is still finalizing the group, said the people, who asked not to be identified as the matter is still pr...

Page Not Found | ZAWYA MENA Edition