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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