SABIC

Saudi Basic Industries Cooperation set to boost investments in China

RIYADH - Muslimchronicle

Saudi Basic Industries Corp. (SABIC), the Saudi leading petrochemical company, has signed a memorandum of understating (MoU) to boost its investments in the People’s Republic of China. SABIC signed the MoU with the Guangzhou Nansha Development Zone Committee of China on Friday. The deal is also meant to enhance joint cooperation between the two parties, the Saudi Press Agency (SPA)Read more

Reopening of SABIC office in Iraq to benefit both sides: Experts

RIYADH - Muslimchronicle

Petrochemical giant Saudi Basic Industries Corporation (SABIC) announced the reopening of its office in Iraq during the 7th Basra Oil and Gas Conference and Exhibition in the Iraqi city of Basra, which started on Tuesday. SABIC participated in the event as part of a wider public and private sector delegation from Saudi Arabia, under the aegis of the Saudi ExportRead more

5 Key Studies at Riyadh Economic Forum

Riyadh - Muslimchronicle

The eighth round of the Riyadh Economic Forum, which is held under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz, will kick off on Monday. Prince of Riyadh Faisal bin Bandar bin Abdulaziz will inaugurate the event on behalf of the King. The three-day Forum is organized under the slogan "Tomorrow’s Economy is Built Today" amid economicRead more

Saudi Arabian Basic Industries Cooperation becomes only Arab company on Thomson Reuters Top 100 Global Energy Leaders list

Themuslimchronicle, themuslimchronicleSaudi Arabian Basic Industries Cooperation becomes only Arab company on Thomson Reuters Top 100 Global Energy Leaders list285075/182

RIYADH - Muslimchronicle

Saudi Arabian Basic Industries Cooperation (SABIC) had added a new feather to its cap by becoming the only company in the Arab world to make it to the Thomson Reuters Top 100 Global Energy Leaders list. According to an exclusive statement from SABIC to Arab News, it said that it is the only company in the Arab world making itRead more

SABIC chief calls for consolidation in Saudi petchems

Riyadh - Muslimchronicle

Saudi petrochemicals firms should merge to boost their competitiveness and look to expand abroad, the head of major industry player SABIC told Reuters on Monday. The firms have enjoyed decades of cheap feedstock prices. But Saudi authorities began slashing subsidies in 2016, as a collapse in oil prices cut into state finances, prompting a search for efficiencies in the industry.Read more

GPIC holds general assembly meeting

Manama - BNA

The Gulf Petrochemical Industries Company (GPIC) held its 38th Ordinary General Meeting (AGM) on March 23. Company Chairman H.E. Dr. Ahmed Al Sharyan presided over the meeting that was attended by Mr. Talal Isa Al-Sultan as a representative of the Petrochemical Industries Company (PIC) of Kuwait and Mr. Khalid Bin Ali Al-Qarni from the Saudi Basic Industries Company (SABIC). DuringRead more

GPIC holds general assembly meeting

Manama - BNA

Saudi stocks continue uptrend

Dubai - Arab Today

Stock market in Saudi Arabia continued its uptrend on Wednesday. The Tadawul All Share Index (TASI) rose 0.5 percent, climbing for a fifth straight day. It has been buoyed by hopes for better conditions in the nonoil sector this year as government austerity measures slow. Builder Khodari, which has been strong in the past week on expectations for a partialRead more

Ras Al-Khair investments ‘highlight potential of Saudi mining sector’

Jeddah - Arab Today

The significant amount of capital invested by top firms such as Saudi Basic Industries Corp. (SABIC), Alcoa and The Mosaic Company in Ras Al-Khair clearly demonstrates the quality and potential of the Kingdom’s mining sector, Saudi Arabian Mining Co. (Maaden) CEO Khalid Al-Mudaifer told Arab News. “Ras Al-Khair is the anchor of the Saudi mining sector and as such itRead more

Tadawul lifts mood in regional markets

Jeddah - Arab Today

Saudi Arabia’s Tadawul All-Share Index firmed on Wednesday as blue chips resumed their climb and the positive mood flowed into other Gulf bourses, carrying them higher. The index bounced 3.0 percent to 6,796 points, closing 93 points over technical resistance at the July peak of 6,703 points. Turnover was almost double that of Tuesday. Some blue chips continued to attractRead more