Saudi Basic Industries Corporation

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Recent Articles

• Petchems help Saudi end higher7 November 2009

  The Saudi index TASI ends up 0.12 percent to 6,351 points, led higher by SABIC.

• SABIC posts 50% drop in Q3 profits18 October 2009

  World's largest chemical company makes net profit of $960m in third quarter of 2009, beats analyst forecasts.

• Saudi shares up, Safco down on poor Q310 October 2009

  Saudi Arabia's benchmark TASI closes at 6,371 points, up 0.89 percent.

• Saudi shares end lower after 10-day rally3 October 2009

  All-share TASI index closed 0.9 percent lower at 6,265 points on Saturday.

• Banks power Saudi index to 2009 high26 September 2009

  News of brokered deal between Saad Group and local creditors peps bank stocks.

• Air Products seals Samsung contract for Saudi SABIC unit21 September 2009

  US industrial gases group wins deal for air separation unit at NIGC Al Jubail facility.

• Saudi bourse ends 7-day losing streak5 September 2009

  3 insurance firms, favoured by day-traders, make it among the day's top 5 gainers.

• Saudi shares jump; track US, oil22 August 2009

  The benchmark TASI rises 2.29 percent at 5,751 points, with SABIC gaining 7.1 percent.

• Sabic, Mitsubishi to set up $1bn joint venture10 August 2009

  Firms have signed a deal to set up a Saudi plant that is due to start production in 2013.

• SABIC helps Saudi stocks to higher close1 August 2009

  Saudi Arabia's all-share TASI index ended 0.14 percent higher at 5,786.31 points.

• Petchems lead Saudi to one-month high25 July 2009

  The all-share TASI index closed 2.8% higher, its highest level since June 21.

• SABIC, Exxon talk to Saudi petchem plant bidders22 July 2009

  Companies will issue bid packages for Jubail plant by year-end, say contracting sources.

• SABIC to increase output by 201220 July 2009

  World's largest petrochemicals firm says it sees no immediate improvement in energy prices.

• Saudi Basic Industries Q2 profit plummets on crisis18 July 2009

  SABIC posts 76% drop in Q2 net profit on sharp drop in petrochem, metal prices.

• Saudis shares end higher on Savola, SABIC18 July 2009

  Savola rose 1 percent after posting a 17.5 percent fall in second-quarter profit.

• Lower prices hit Safco Q2 net profit11 July 2009

  UPDATE 2: Investors mark Saudi Fertilizers higher as divi payout exceeds earnings per share.

• Saudi shares rise 1% as SABIC gains11 July 2009

  SABIC gains on news that it has won approval for its Chinese joint venture.

• SABIC Q2 net profit seen falling 78%7 July 2009

  Reuters poll cites low prices for Saudi petchem firm's products and lingering impact of 2007 US purchase.

• Banks lead Saudi index to lower close27 June 2009

  Banks concerned about their exposure to troubled family-owned businesses.

• Al-Tuwairqi said to hire HSBC for debt restructuring 24 June 2009

  UK bank to oversee Saudi steelmaker’s bank loans, according to sources.

• Saudi ends down, Weqaya soars on debut20 June 2009

  Heavyweight petrochem, banking stocks lead TASI to a negative close for the second straight session.

• Saudi regulator approves six IPOs 7 June 2009

  Saudi Steel Pipes Co (SSP) to kick-off programme by offering 31.4% of its capital to investors this month.

• Gunmen fire at bus carrying foreigners in Saudi27 May 2009

  No group has claimeed responsibility for incident in Jubail, Tuesday - no casualties.

• Profit taking sees Saudi market close lower26 May 2009

  UPDATE 8: Qatar index suffers largest one day decline in 5 weeks, Dubai closes higher.

• Saudi market closes higher, SABIC shares rise 3.4% 23 May 2009

  Saudi's Tadco sees stocks rise 3.6% after news of foreign food project.