Saudi Basic Industries Corporation

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Recent Articles

• SABIC helps to halt Saudi shares slide8 September 2008

  Gulf indices post mixed performances but Riyadh exchange recovers from Sunday's big losses.

• Dubai, Kuwait buck shares slump in Gulf region3 September 2008

  Saudi slips for the third day running as selling pressure from foreigners hit bourses.

• Negative day for Gulf exchanges2 September 2008

  Falling oil prices plays part in disappointing day for the region's share traders.

• Saudi shares rise on foreign investment change23 August 2008

  UPDATE 1: Main index posts its biggest one-day rise since April 2007.

• 70% expect to suffer summer blackouts5 August 2008

  Arabian Business poll reveals widespread concern over power supply shortages in region.

• SABIC faces days of disruption after power outage2 August 2008

  Production hampered at some of Saudi petrochemical giant's plants in Jubail.

• SABIC eyes refinancing debt for $11bn buyout19 July 2008

  Saudi bankers say $8.6bn of deal from GE Plastics acquistion is at stake.

• Saudi SABIC Q2 net profit up 16.5% to record19 July 2008

  Record quarterly profits of $2.02bn as high oil prices underpin company margins.

• Mideast's largest mining IPO oversubscribed16 July 2008

  Strong demand from Saudi investors for shares in $2.5bn Maaden offering.

• SABIC earnings to rise 9.2%14 July 2008

  UPDATE 1: World's biggest chemicals firm forecast to make Q2 profit of $1.9bn despite US downturn.

• SAFCO, SABIC unit to build steel plant13 July 2008

  SAFCO says signed deal with unit of Saudi Basic Industries Corp for construction of steel plant.

• Samba to lead Mideast's biggest mining IPO29 June 2008

  Saudi's Maaden appoints Samba subsidiary to oversee $2.47bn share sale.

• SABIC to expand China petrochemical stake18 June 2008

  Saudi Basic Industries Corp. set to double investment in China ethylene complex.

• Saudi Kayan pens $6bn loan deal31 May 2008

  Petrochemicals firm signs agreement with group of banks to part finance complex in Al-Jubail industrial zone.

• Saudi's Maaden plans $2.5bn July IPO12 May 2008

  State-owned mining company to offer Saudi investors 462.5 million of stock, equivalent to 50% of share capital.

• Banks recover losses to drive markets higher12 May 2008

  Saudi the only loser, with the rest of Gulf's markets all ending up for the day.

• Saudi bourse not ready for foreigners7 May 2008

  Boost transparency and deal with domestic liquidity before allowing foreign ownership - conference.

• Sabic says liquidity abundant for sukuk30 April 2008

  Saudi petrochemicals giant says Islamic financial market is developing and ample liquidity in riyal.

• Sabic gets approval for $1.3bn sukuk29 April 2008

  Saudi petrochemical giant's five-year Islamic bond sale to be denominated in riyals, source says.

• Sabic profit growth worst in two years20 April 2008

  World's largest petrochemicals firm hit by US slowdown despite increased Asian demand.

• Sabic eyes investment in India19 April 2008

  Saudi petrochemicals giant looking to build plant in subcontinent, no timeframe set, compay official says.

• UAE steel prices likely to hit $1,500 a tonne15 April 2008

  Rocketing steel prices are likely to keep rising this year due to supply shortfall, traders say.

• Industries Qatar posts fourth straight record profit 14 April 2008

  State-controlled conglomerate sees Q1 net income more than double to $522.4mn.

• Qatar Steel moving ahead with Mauritania plant13 April 2008

  $2.1bn iron ore plant to be built in Saharan state following completion of feasibility study.

• Sabic pulls plug on $1bn chemicals venture13 April 2008

  Saudi petrochemicals giant says it failed to reach final agreement with partner on project.