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- US rate cut expectations lift QSE 104 points; M-cap adds QR6.51bn
- Alkhabeer Capital, Awraaq Digital launch Block Trade Negotiation System
- AD Ports Group opens new office in Islamabad
- Oman starts work on $208m integrated tourism complex in Dhofar
- Dubai Residential REIT delivers $169m profit in H1
- Empower's H1 revenue soars to $395m; net profit up 3.4pc
- Dubai Investments posts profit before tax of $148.7m
- Gulf Bank continues driving women's empowerment with WOW program
- Petrotank to set up $133m refueling hub at Yanbu port
- KFH holds H1 2025 earnings webcast
10/07/2025 06:22 AST
Saudi chemicals group SABIC said on Wednesday it was studying strategic options for its National Industrial Gases Company, including an initial public offering, amid a broad review of its business.
SABIC said in a statement that the move was in line with its portfolio optimization and core business focus strategy, adding that an IPO of GAS would be aimed at improving the group's "financial position and the value added for shareholders."
The chemicals industry has been grappling with weak demand and high input costs, leading to lower prices and squeezed margins.
SABIC, one of the world's largest petrochemical companies and 70 percent-owned by oil major Saudi Aramco, reported in May a first-quarter net loss of $323 million, citing a rise in operating costs and high feedstock costs.
Earlier this year, it also said it planned to cut costs and find new investment opportunities, while restructuring some core assets and offloading non-core businesses.
It has already divested its stakes in Aluminium Bahrain, or Alba, and steel business Hadeed, selling both to other state-backed Saudi entities.
SABIC said on Wednesday that "the study remains ongoing, with each option subject to the necessary financial, technical, regulatory and economic assessments."
Its shares have fallen 16.3 percent since the beginning of the year, according to LSEG data.
Reuters
04/08/2025
Chemicals production company Saudi Basic Industries Corp. announced the distribution of interim cash dividends amounting to SR4.5 billion ($1.19 billion) for the first half of the year.
Sha
Arab News
07/05/2025
Saudi Basic Industries Corporation (SABIC), one of the world's largest petrochemical companies, reported a net loss of 1.21 billion riyals ($322.6 million) for the first quarter of 2025, reflecting c
Asharq Al Awsat
06/05/2025
SABIC, a global leader in chemicals, reported a net loss of SAR1.2 billion ($320 million) for the first quarter of 2025, representing a 36% improvement compared to a net loss of SAR1.9 billion in the
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 52.20 | -0.75 (-1.42 |
| SABICAGRINUTRIENTS | 120.20 | 0.50 (0.41 |
| LIMEINDUSTRIES | 12.80 | 0.37 (2.97 |
| APICO | 37.42 | 0.42 (1.13 |
| YANSAB | 32.08 | 0.74 (2.36 |
06/08/2025
Alkhabeer Capital, the financial institution specialising in Shari'a-compliant financial services and brokerage services, has announced the launch of a cutting-edge Block Trade Negotiation System, in
Trade Arabia
06/08/2025
AD Ports Group, a leading enabler of global trade, logistics, and industry, has officially launched its first representative office in Islamabad, the capital of Pakistan, marking a significant milest
Trade Arabia
06/08/2025
Dubai Residential REIT posted a net profit before changes in the fair value of investment property of AED622 million ($169 million) during the first half of 2025, an increase of 10% compared to the f
Trade Arabia
06/08/2025
Emirates Central Cooling Systems Corporation (Empower) has announced robust financial results for the first half with a total revenue of AED1.45 billion ($395 million), up 7.5% over the same period i
Trade Arabia
06/08/2025
Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market (DFM), has reported profit before tax of AED546.28 million ($148.73 million) for the six-month period
Trade Arabia
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