Page 25 - Saudi Basic Industries News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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