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- Kuwait Airways and Impulse sign strategic agreement
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- QFMA issues code of governance for listed companies
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19/01/2016 15:24 AST
Aljazira Capital stated in their recently issued research report that the government of Saudi Arabia recently raised natural gas, fuel, Petchem feedstock, and electricity prices to curb deficit. It increased the Ethan prices from earlier fixed subsidized rate of USD 0.75 per mmbtu to USD 1.75 per mmbtu and Methane/natural gas from 0.75 per mmbtu to USD 1.25 per mmbtu. This change is expected to increase feedstock prices for Petchem players. However, the company clarified that it was granted a grace period of seven years and three months for some feedstock, namely ethane, butane and methane, which were supplied in 2010. Accordingly, new feedstock prices will be gradually applied by 2Q-2017. The increase in electricity reprising is expected to increase the production costs by about 1% according to the company. Aljazira Capital have reworked on financial model assumptions to incorporate the impact of these changes. Based on their revised assumptions, Kayan's net income would decline by SAR42 mn in 2016 and SAR530 mn in 2018.
GulfBase.com
22/10/2017
Net income of SAR 381.0mn, beats Al Jazira Capital estimate and market consensus. Net income was supported by higher than expected operating rate and higher margins. Gross margin increased on YoY bas
GulfBase
11/04/2016
Saudi Kayan Petrochemical Co. restarted on Sunday a plant that produces ethylene glycol and oxide ethylene after scheduled maintenance and some technical repairs, the company said on Monday.
Reuters
14/01/2016
Saudi Kayan Petrochemical Co. swung to a net loss in the fourth-quarter, it reported on Thursday.
The company, an affiliate of Saudi Basic Industries Corp (SABIC), made a net loss of 624.1
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 52.75 | 0.50 (0.95 |
| SABIC | 61.45 | -0.25 (-0.41 |
| SABICAGRINUTRIENTS | 123.00 | 0.50 (0.40 |
| LIMEINDUSTRIES | 12.45 | 0.00 (0.00 |
| APICO | 42.90 | 0.00 (0.00 |
28/08/2025
Adnoc announced on Wednesday that it has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India's largest integrated and diversified energy company, fo
Khaleej Times
28/08/2025
In a significant step towards enhancing its digital transformation journey, Kuwait Airways signed a Master Services Agreement (MSA) with Impulse International for Telecommunications, laying the foun
Kuwait Times
28/08/2025
Vodafone Qatar has announced its expansion of Postpaid services through its new 'You Deserve It!' campaign, introducing new connectivity and digital lifestyle offerings to meet the evolving needs of
Gulf Times
28/08/2025
Commercial Bank, a leader in innovative digital banking solutions, has launched Visa Commercial Pay (VCP), a groundbreaking virtual payment platform designed to transform how Small and Medium-Sized E
The Peninsula
28/08/2025
Abu Dhabi-based petrochemicals company Borouge has announced that it has collaborated with Yokogawa, a leading provider of advanced automation technologies and solutions, to conduct a proof-of-concep
Trade Arabia
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