(MENAFN - Arab News) Saudi utilities and corporates are emerging as major drivers of Islamic finance transactions with a spate of high-powered and, in some instances, pioneering structures coming to the market over the last few months.
According...
Saudi stocks extended their losses for the third week in a row last week amid low trading volumes. The Tadawul All-Share Index (TASI) shed 3.11 percent, closing at 8,188.30 points, down from 8,451.06 points the previous week. TASI is currently...
Nicosia, July 30 (ANI): The Saudi Basic Industries Corporation ( SABIC), one of the world's largest petrochemical companies, has reported preliminary consolidated profits of SR 14.5 billion for the first six months of the year, compared with SR...
(MENAFN - Arab News) Saudi stocks resumed their downward trend last week after rebounding the previous week despite better than expected results for the first half of the year.
The Tadawul All-Share Index (TASI) plunged 3.75 percent, closing at...
Background
SABIC (Saudi Basic Industries Corp) is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest public company in Saudi Arabia as listed in Tadawul, but the Saudi government still owns 70% of its shares. Private sector shareholders are from Saudi Arabia and other countries of the six-nation Gulf Cooperation Council (GCC)
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Timeline
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18 hours ago from Keralanext