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Saudi Basic Industries Corporation SJSC

2010.SE

Latest Trade

78.70SAR

Change

-1.50(-1.87%)

Volume

2,800,725

Today's Range

78.30

 - 

79.90

52 Week Range

78.30

 - 

128.00

As of on the Saudi Arabian Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Sabic Intends To Suspend Production Of ULTEM Polymers In Cartagena During 2020

Feb 18 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::ANNOUNCES ITS INTENTION TO SUSPEND THE PRODUCTION OF ULTEM™ POLYMERS IN CARTAGENA (SPAIN) DURING 2020.SUSPENSION AS PART OF ITS GLOBAL OPERATION OPTIMISATION.COMMITTED TO MAINTAIN ITS ABILITY TO MEET PRODUCT NEEDS OF EXISTING AND FUTURE ULTEM CUSTOMERS FROM ITS OTHER ASSETS.INITIAL ESTIMATION OF NON-CASH FINANCIAL IMPACT IS ABOUT 700 MILLION RIYALS WHICH WILL BE REFLECTED IN Q1 2020.DECISION HAS NO DIRECT IMPACT ON OTHER REMAINING OPERATIONS AT CARTAGENA FACILITY.

Saudi's SABIC Posts Q4 Loss

Jan 29 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION SJSC <2010.SE>::Q4 NET LOSS AFTER ZAKAT AND TAX 0.72 BILLION RIYALS VERSUS PROFIT 3.22 BILLION RIYALS YEAR AGO.Q4 SALES 32.81 BILLION RIYALS VERSUS 40.27 BILLION RIYALS YEAR AGO.Q4 SAW LOWER AVERAGE SELLING PRICES.Q4 SAW SR 2.8 BILLION IMPAIRMENT PROVISION IN IBN RUSHD.SABIC SHARE IN IMPAIRMENT PROVISION IN IBN RUSHD AMOUNTED TO SR 1.3 BILLION.

Sabic Announces Liquidation Of Three Subsidiaries Voluntarily

Dec 31 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::ANNOUNCES THE LIQUIDATION OF THREE SUBSIDIARIES VOLUNTARILY.TO LIQUIDATE THREE SUBSIDIARIES VOLUNTARILY AS SABIC IS NOT DESIROUS FOR THE CONTINUITY OF THESE COMPANIES.LIQUIDATION DECISION INCLUDES SABIC INDUSTRIAL CATALYSTS CO, SAUDI CARBON FIBER CO, SAUDI JAPANESE ACRYLONITRILE CO.CO IS CONTINUING TO DEVELOP PRODUCTS OF THESE COMPANIES THROUGH OTHER SUBSIDIARIES.LIQUIDATION IS NOT EXPECTED TO HAVE ANY FINANCIAL IMPACT ON SABIC'S CONSOLIDATED FINANCIAL STATEMENT.

Saudi's SAFCO Signs SPA With SABIC To Acquire SABIC Agri-Nutrients Investment

Dec 25 (Reuters) - SAUDI ARABIAN FERTILISER COMPANY <2020.SE>::SIGNS SHARE PURCHASE AGREEMENT WITH SAUDI BASIC INDUSTRIES CORPORATION (SABIC) TO ACQUIRE SABIC AGRI-NUTRIENTS INVESTMENT CO (SANIC).ACQUISITION BY WAY OF INCREASE IN SHARE CAPITAL AND AN ISSUANCE OF SHARES TO OWNERS OF SABIC AGRI-NUTRIENTS INVESTMENT.WILL ACQUIRE 100% OF SABIC AGRI-NUTRIENTS INVESTMENT COMPANY’S SHARE CAPITAL.VALUE OF CO TO BE ACQUIRED 4.59 BILLION RIYALS BASED ON 3 MONTHS VOLUME WEIGHTED AVERAGE PRICE AS AT CLOSE OF TRADING ON DEC 19.WILL INCREASE CAPITAL TO 4.76 BILLION RIYALS FROM 4.17 BILLION RIYALS.POST ACQUISITION, EXISTING SHAREHOLDERS (EXCLUDING SABIC) SHARE CAPITAL OWNERSHIP PERCENTAGE WILL BE DILUTED FROM 57.01% TO 49.9 %.SABIC’S OWNERSHIP IN SAFCO POST THIS TRANSACTION WILL INCREASE FROM 42.99% TO 50.1%.PARTIES AGREED NOT TO INCLUDE AT THIS STAGE SABIC’S SHARE IN MA’ADEN PHOSPHATE AND MA’ADEN WA’AD AL SHAMAL PHOSPHATE.

Saudi's Sabic Board Proposes 2.20 Riyals/Share H2 Dividend

Dec 18 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::BOARD PROPOSES H2 CASH DIVIDEND OF 2.20 RIYALS PER SHARE.

Saudi's SABIC Q3 Profit Falls

Oct 27 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::Q3 NET PROFIT AFTER ZAKAT AND TAX 0.83 BILLION RIYALS VERSUS 6.1 BILLION RIYALS YEAR AGO.Q3 SALES 33.69 BILLION RIYALS VERSUS 43.71 BILLION RIYALS YEAR AGO.Q3 SAW LOWER AVERAGE SELLING PRICES.Q3 RECORDS SR 1.5 BILLION IMPAIRMENT PROVISION IN INVESTMENT IN (CLARIANT AG).NEW CAPACITIES IN KEY PRODUCTS LINES PRESSURED SABIC’S PRODUCT PRICES AND MARGINS IN NINE MONTHS OF 2019.NEW CAPACITIES IN KEY PRODUCTS LINES ARE EXPECTED TO CONTINUE TO IMPACT EARNINGS IN FOURTH QUARTER OF 2019 AND IMPACT 2020.

Sabic Signs MoU With RDIF And ESN Group To Evaluate Building, Operating Methanol Plant

Oct 15 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::SIGNING INITIAL NON-BINDING MEMORANDUM OF UNDERSTANDING WITH RDIF AND ESN GROUP.THIS IS A PRELIMERAY STEP TOWARDS EXPLORING COOPERATION BETWEEN THREE PARTIES TO EVALUATE BUILDING AND OPERATING A METHANOL PLANT.METHANOL PLANT WITH A CAPACITY OF UP TO 2 MILLION TONS PER ANNUM IN AMUR REGION OF RUSSIA.MOU IS PART OF SABIC'S STRATEGY TO DIVERSIFY ITS OPERATIONS.MOU FOR 12 MONTHS FROM DATE OF SIGNING MOU, WITH POSSIBILITY OF EXTENSION.

Fitch Downgrades SABIC's Long-Term IDR To 'A' From 'A+'

Oct 7 (Reuters) - Fitch::FITCH SAYS DOWNGRADED SAUDI BASIC INDUSTRIES CORPORATION'S LONG-TERM ISSUER DEFAULT RATING TO 'A' FROM 'A+' ON SOVEREIGN DOWNGRADE, OUTLOOK STABLE.

Saudi's Sabic Obtains Regulatory Approvals To Merge Units

Oct 1 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::UPDATES ON INTENTION TO MERGE SAUDI PETROCHEMICAL COMPANY (SADAF) IN ARABIAN PETROCHEMICAL COMPANY (PETROKEMYA).OBTAINED REGULATORY APPROVALS FOR MERGER.MERGER IS DRIVEN BY SABIC'S STRATEGY TO INCREASE EFFICIENCY AND COMPETITIVENESS OF ITS OPERATIONS.TRANSACTION IS NOT EXPECTED TO HAVE IMMEDIATE MATERIAL IMPACT ON SABIC’S FINANCIAL POSITION.TRANSACTION WILL IMPROVE COST COMPETITIVENESS IN THE LONG TERM.

Competition Commission Of India Approves Acquisition Of 70% Stake Of SABIC By Saudi Aramco

Sept 27 (Reuters) - :COMPETITION COMMISSION OF INDIA - APPROVES ACQUISITION OF 70% STAKE OF SAUDI BASIC INDUSTRIES CORP BY SAUDI ARAMCO.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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