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The world’s biggest chemicals maker said profit margins would remain tight with the Chinese market yet to recover and the global economic downturn weakening demand for plastics and building materials. Saudi Basic Industries Corp.’s net income dropped to 290 million riyals ($78 million) in the fourth quarter, down 94 percent…
Sabic has a market valuation of $73 billion, more than that of any other listed chemicals firm.
RIYADH: Saudi Arabia’s Tadawul All Share Index on Tuesday made a massive comeback by gaining 101.52 points — or 1 percent — to close at 10,051.78, breaking the streak of losses that lasted seven sessions. While MSCI Tadawul 30 Index increased 0.66 percent to 1,371.82, the parallel market Nomu rose 0.79 percent to 18,967.99. TASI’s total trading turnover of the benchmark index
/PRNewswire/ -- The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around...
/PRNewswire/ -- The "Injection Molded Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added...