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- TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%
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11/04/2016 10:16 AST
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.
The affiliate of Saudi Basic Industries Corp (SABIC) said in January that it would shut the plant down on March 1 for 48 days, having initially postponed the work from last October.
The shutdown would also halt the production of polycarbonate, ethoxylates and amines for 53 days.
Kayan said on Monday that all plants which depended on the ethylene glycol and oxide ethylene complex would be restarted according to a set timeframe.
Kayan said previously that the financial impact of the shutdown would amount to about 96 million riyals ($25.6 million), which would be reflected in its first- and second-quarter results.
Three analysts polled by Reuters have, on average, forecast that Kayan will make a net loss of 373.77 million riyals in the first quarter, a narrower loss than the corresponding period of 2015. ($1 = 3.7499 riyals)
Reuters
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
19/01/2016
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 i
GulfBase.com
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
Financial Information Co.
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