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- Saudi riyal symbol: strategic step toward global financial standing
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- Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum
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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 |
|---|---|---|
| SABIC | 62.50 | 0.00 (0.00 |
| MAADEN | 45.50 | 1.05 (2.36 |
| SABICAGRINUTRIENTS | 109.80 | -0.80 (-0.73 |
| MARBLEDESIGN | 77.00 | -2.00 (-2.54 |
| LIMEINDUSTRIES | 12.80 | -0.10 (-0.78 |
10/03/2025
Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit
The Peninsula
10/03/2025
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).
This achievement make
Saudi Gazette
10/03/2025
Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+
Arab News
09/03/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema
The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia