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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. ....

Saudi Arabia , Asharq Al Awsat , Mohammed Al Maymouni , Abdullah Al Kathiri , Saudi Stock Exchange Tadawul , Saudi Group , Steel Company Hadeed , Public Investment Fund , Saudi Stock Exchange , Saudi Iron , Steel Company , Arab Trader Mohammed Al Maymouni ,

SABIC Loses $739 Million over Challenging Operating Environment

SABIC Loses $739 Million over Challenging Operating Environment
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Saudi Arabia , Abdulrahman Al Fageeh , Saudi Stock Exchange Tadawul , Saudi Basic Industries Corporation , Steel Company Hadeed , Executive Officer Abdulrahman Al Fageeh , Saudi Stock Exchange , Saudi Iron , Steel Company ,