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Saudi Oil Companies Incur Losses in 2023 Due to Slow Global Demand, Falling Product Prices

Analysts said that the large losses recorded by oil companies listed on the Saudi Stock Exchange (Tadawul) were due to the slowdown in the global economy, which caused a decline in demand for petrochemical products. Petrochemical companies listed on Tadawul registered a combined net loss of around SAR 5.2 billion ($1.4 billion) in 2023, compared to profits that amounted to SAR 29.8 billion in 2022.

SABIC Loses $739 Million over Challenging Operating Environment

SABIC Loses $739 Million over Challenging Operating Environment
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CCP okays three KSA-based mergers with stake in Pak steel sector

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