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Saudi Basic Industries Corporation SJSC

2010.SE

Latest Trade

88.80SAR

Change

-0.80(-0.89%)

Volume

1,651,309

Today's Range

88.30

 - 

89.80

52 Week Range

61.90

 - 

95.00

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

Latest Developments

Saudi's SABIC Posts Q2 Loss

Aug 6 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::Q2 NET LOSS AFTER ZAKAT AND TAX 2.22 BILLION RIYALS VERSUS PROFIT 2.12 BILLION RIYALS YEAR AGO.Q2 SALES 24.62 BILLION RIYALS VERSUS 34.9 BILLION RIYALS YEAR AGO.NET LOSS IN 2Q 2020 IS MAINLY ATTRIBUTABLE TO THE LOWER AVERAGE SELLING PRICES AND SALES VOLUME.Q2 SAW IMPAIRMENTS PROVISIONS IN CERTAIN CAPITAL ASSETS IN THE AMOUNT OF SAR 1.18 BILLION.IMPAIRMENTS PROVISIONS IN CERTAIN CAPITAL ASSETS IN THE AMOUNT OF SAR 1.18 BILLION.

CLARIANT CHAIRMAN SAYS HAPPY WITH CURRENT OWNERSHIP STRUCTURE

July 30 (Reuters) - :CLARIANT CHAIRMAN SAYS HAPPY WITH CURRENT OWNERSHIP STRUCTURE.CLARIANT SAYS DOES NOT EXPECT BUSINESS RECOVERY IN Q3 BUT NO SIGNIFICANT DECLINE EITHER.CLARIANT SAYS CONVINCED Q4 WON'T BE SENSATIONAL EITHER.CLARIANT SAYS WILL DECIDE ON NEW CEO "WITHIN UPCOMING MONTHS".

Clifford Chance And AS&H Advise PIF And Sabic On Sale Of Stake In Sabic To Aramco

June 18 (Reuters) - CLIFFORD CHANCE::CLIFFORD CHANCE AND ABUHIMED ALSHEIKH ALHAGBANI LAW FIRM IN CO-OPERATION WITH CLIFFORD CHANCE (AS&H) ADVISED PUBLIC INVESTMENT FUND OF SAUDI ARABIA (PIF) ON SALE OF ITS 70% SHAREHOLDING IN SABIC FOR A PURCHASE PRICE OF $69.1 BILLION.

Saudi's Sabic Board Appoints Khalid Al-Dabbagh As Chairman

June 17 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION SJSC <2010.SE>::BOARD APPROVES APPOINTMENT OF KHALID AL-DABBAGH AS CHAIRMAN OF SABIC.

Saudi Aramco Completes Acquisition Of 70% Stake In Sabic

June 17 (Reuters) - SAUDI ARABIAN OIL CO <2222.SE>::ANNOUNCES PURCHASE IN THE AMOUNT OF SAR 259.125 BILLION (US$ 69.1 BILLION), EQUATING TO SAR 123.39 PRICE PER SHARE, FOR 70% STAKE IN SAUDI BASIC INDUSTRIES CORPORATION (SABIC).ACQUIRES 70% STAKE IN SAUDI BASIC INDUSTRIES CORPORATION (SABIC) FROM PUBLIC INVESTMENT FUND (PIF).AGREED TO MAKE AN ADVANCE PAYMENT OF US$ 3 BILLION IN APRIL 2022 BASED ON THE OCCURRENCE OF CERTAIN OIL MARKET CONDITIONS IN 2021.

Saudi's Sabic Board Proposes 1.50 Riyals/Share H1 Dividend

June 17 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::BOARD PROPOSES H1 DIVIDEND OF 1.50 RIYALS/SHARE.

Saudi's Sabic Posts Q1 Loss

May 4 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::Q1 NET LOSS AFTER ZAKAT AND TAX 0.95 BILLION RIYALS VERSUS PROFIT 3.41 BILLION RIYALS YEAR AGO.Q1 SALES 30.83 BILLION RIYALS VERSUS 37.37 BILLION RIYALS YEAR AGO.CERTAIN NON-RECURRING CHARGES, A CHALLENGING PRODUCT-PRICING ENVIRONMENT, LOWER DEMAND UNDERPINNED BY COVID-19 NEGATIVELY AFFECTED Q1 RESULTS.Q1 SAW LOWER AVERAGE SELLING PRICES.HAVE SEEN SOME IMPROVEMENT IN BUSINESS ACTIVITY IN CHINA, A DETERIORATION IN OTHER PARTS OF THE WORLD, INFLUENCED BY LOCKDOWNS.WILL SEE, WILL IMPACT DEMAND AND MARKET SENTIMENT IN THE SECOND QUARTER OF 2020 AND POTENTIALLY LATER IN THE YEAR.OVERSUPPLY IN OUR KEY PRODUCTS WILL PUT FURTHER PRESSURE ON PRODUCT PRICES AND MARGINS.Q1 SAW LOWER SALES VOLUMES AND PRODUCT PRICES DUE TO COVID-19 AND RELATED IMPACT OF OIL PRICES.SABIC IS COMMITTED TO CAPITAL DISCIPLINE AND MAINTAINING A STRONG BALANCE SHEET AND HAS SUSPENDED ALL CAPEX.

Saudi's Sabic Increases Stake In Clariant AG To 31.5%

March 3 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::HAS PURCHASED ADDITIONAL SHARES IN CLARIANT AG TO INCREASE ITS STAKE TO (31.5%).

Saudi Aramco Receives Clearance From European Commission For Acquisition Of Majority Stake In SABIC

March 1 (Reuters) - SAUDI ARABIAN OIL CO <2222.SE>::PROPOSED ACQUISITION OF 70% MAJORITY STAKE IN SABIC RECEIVES UNCONDITIONAL CLEARANCE FROM EUROPEAN COMMISSION.PROPOSED ACQUISITION HAS NOW RECEIVED UNCONDITIONAL CLEARANCE IN ALL JURISDICTIONS.CLOSING OF PROPOSED TRANSACTION IS SUBJECT TO REMAINING CUSTOMARY CLOSING CONDITIONS CONTAINED IN SHARE PURCHASE AGREEMENT.

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.

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

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