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- TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%
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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 | 51.30 | 0.30 (0.58 |
| SABIC | 60.30 | -0.20 (-0.34 |
| SABICAGRINUTRIENTS | 99.00 | -0.50 (-0.51 |
| MARBLEDESIGN | 68.90 | 0.00 (0.00 |
| APICO | 57.70 | -1.10 (-1.88 |
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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