Saudi Basic Industries Corp (2010)

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News

10 July 12:58 PM SABIC explores plans for subsidiary GAS’ IPO

Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) intends to study and evaluate certain strategic options concerning its subsidiary, the National Industrial Gases Company (GAS). This aligns with SABIC's priorities of optimizing its …

Initial Public Offerings

4 May 06:58 PM SABIC shifts to SAR 1.2bn net losses in Q1-25; revenues increase 6%

Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) turned to net losses worth SAR 1.21 billion during the first quarter (Q1) of 2025, versus a net profit of SAR 250 million in Q1-24. Meanwhile, the revenues stood at SAR 34.59 billion in …

Financial Results

27 February 07:16 AM SABIC logs SAR 1.5bn profits in 2024; revenues down 1%

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) shifted to net profits valued at SAR 1.54 billion in 2024, compared to net losses of SAR 2.77 billion in 2023. Revenues dropped by 1.10% year-on-year (YoY) to SAR 139.98 billion as of …

Financial Results

23 December 2024 04:48 PM SABIC to disburse SAR 5.1bn dividends for H2-24

Riyadh – Mubasher: The board members of Saudi Basic Industries Corporation (SABIC) decided to distribute cash dividends totalling SAR 5.10 billion to its shareholders for the second half (H2) of 2024. SABIC will pay SAR 1.70 per share, …

Board of Directors

4 November 2024 04:36 PM SABIC turns profitable at SAR 3.4bn in 9M-24 interim results

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) swung to net profits amounting to SAR 3.43 billion in the first nine months (9M) of 2024, versus net losses worth SAR 1.04 billion in 9M-23. Revenues hit SAR 105.28 billion in 9M-24, …

Financial Results

4 August 2024 11:24 AM SABIC’s profits leap 32% in H1-24; revenues hit SAR 68.4bn

Riyadh – Mubasher: The net profits of Saudi Basic Industries Corporation (SABIC) hiked by 32.06% year-on-year (YoY) to SAR 2.43 billion in the first half (H1) of 2024, compared to SAR 1.84 billion. The revenues reached SAR 68.40 billion in H1-24, …

Financial Results

22 May 2024 10:55 AM SABIC to disburse over SAR 5bn dividends for H1-24

Riyadh – Mubasher: The board of Saudi Basic Industries Corporation (SABIC) agreed to pay cash dividends valued at SAR 5.10 billion for the first half (H1) of 2024. SABIC will distribute a dividend of SAR 1.70 per share for 3 billion eligible …

Board of Directors

1 May 2024 05:00 PM SABIC registers 62% annual plunge in Q1-24 net profit on lower revenues

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) announced a 62.12% year-on-year (YoY) drop in net profit to SAR 250 million during the first quarter (Q1) of 2024 from SAR 660 million. The earnings per share (EPS) decreased to SAR …

Financial Results

18 April 2024 06:04 PM Yansab appoints Al Solami as CEO; Bazaid nominated for SABIC role

Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) has appointed Wazen Al Solami to be the CEO of Yansab starting from 1 May 2024. The decision was made during the board meeting on 18 April this year, according to a bourse filing. Al …

Corporate Actions

27 February 2024 05:30 PM SABIC shifts to loss in 2023; revenues plummet 23% YoY

Riyadh – Mubasher: The board members of Saudi Basic Industries Corporation (SABIC) turned to loss during the financial year 2023, reporting a net loss of SAR 2.77 billion, compared to a net profit of SAR 16.53 billion a year earlier. Revenues …

Financial Results

27 February 2024 10:57 AM Moody's Investors Service affirms credit ratings for 4 major Saudi companies

Riyadh – Mubasher: Moody's Investors Service has affirmed the 'A1' ratings of Saudi Basic Industries Corporation (SABIC), Saudi Telecom Company (stc) and Saudi Electricity Company (SEC), and the 'Baa1' rating of Saudi Arabian Mining Company …

Ratings

22 January 2024 03:42 PM SABIC to develop $6.4bn project in China; Aramco’s unit related party

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) unveiled plans to build a world-scale Petrochemical complex in southeastern China at an estimated value of $6.40 billion, according to a bourse filing. Located in the Fujian province, …

Companies Investments

12 December 2023 11:09 AM SABIC to distribute SAR 4.8bn dividends for H2-23

Riyadh – Mubasher: The board members of Saudi Basic Industries Corporation (SABIC) approved interim cash dividends to shareholders amounting to SAR 4.80 billion for the second half (H2) of 2023. A dividend of SAR 1.60 per share will be paid to 3 …

Board of Directors

10 December 2023 07:44 PM Saudi SABIC joins PepsiCo, UAE’s AstroLabs for Mega Green Accelerator to serve MENA startups

Mubasher: Saudi Basic Industries Corporation (SABIC) has teamed up with Dubai-based AstroLabs as well as strategic partners to launch the Mega Green Accelerator which will endorse startups in the MENA region in climate-related fields. The new …

Global Economy

2 November 2023 10:50 AM SABIC turns to net losses in 9M-23 initial results

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) swung to net losses after Zakat and tax valued at SAR 1.04 billion in the first nine months (9M) of 2023. The negative results were compared with net profits amounting to SAR 16.24 …

Financial Results

24 October 2023 01:29 PM Listed entities among FII7 conference’s global strategic partners

Riyadh – Mubasher: A group of 23 strategic partners are supporting the programmes and mission of the Future Investment Initiative (FII) conference in its seventh edition that launched in Riyadh on 24 October 2023, according to a press release. …

Global Economy

3 September 2023 03:45 PM PIF inks SAR 12.5bn acquisition deal with SABIC

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) announced plans to sell the entire shares of its wholly-owned subsidiary Saudi Iron and Steel Company (Hadeed) to the Public Investment Fund (PIF). The enterprise value of the …

Companies Investments

18 July 2023 01:32 PM Aramco, SABIC jointly with TotalEnergies develop MENA’s 1st plastic pyrolysis oil

Riyadh – Mubasher: The two listed Saudi entities Saudi Arabian Oil Company (Aramco) and Saudi Basic Industries Corporation (SABIC) have teamed up with French petroleum firm TotalEnergies and produced pyrolysis oil for the first time in the MENA …

Global Economy

2 July 2023 03:27 PM SABIC unveils 42.5% of capital as 2022 dividends

Riyadh – Mubasher: The stakeholders of Saudi Basic Industries Corporation (SABIC) approved a cash dividend payout representing 42.50% of the capital for the full year 2022.   SABIC, therefore, is disbursing SAR 4.25 per share at a total amount of …

General Assembly

18 June 2023 02:02 PM SABIC to disburse SAR 5.4bn cash dividends for H1-23

Riyadh – Mubasher: The board of Saudi Basic Industries Corporation (SABIC) decided to pay out SAR 5.40 billion as cash dividends for the first half (H1) of 2023. SABIC will disburse SAR 1.80 per share for 3 billion eligible shares, according to a …

Board of Directors

4 May 2023 02:52 PM SABIC’s profits shrink 90% in Q1-23 initial financials

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) registered net profits after zakat and tax amounting to SAR 660 million in the first quarter (Q1) of 2023, lower by 89.80% year-on-year (YoY) than SAR 6.47 billion. The company’s …

Financial Results

28 February 2023 11:53 AM SABIC achieves SAR 16.53bn profits in 2022

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Basic Industries Corporation (SABIC) hit SAR 16.53 billion in 2022, an annual drop of 28.35% from SAR 23.07 billion. Revenues increased by 13.49% year-on-year (YoY) to SAR 198.47 …

Financial Results

5 February 2023 02:01 PM Alwasail pens SAR 300m contract with SABIC

Riyadh – Mubasher: Alwasail Industrial Company and Saudi Basic Industries Corporation (SABIC) inked a SAR 300 million agreement on 31 January 2023, according to a recent bourse filing. The deal aims to supply around 60,000 metric tonnes of raw …

Companies Investments

18 December 2022 03:01 PM SABIC to pay 20% of capital as dividends for H2-22

Riyadh – Mubasher: The board of Saudi Basic Industries Corporation (SABIC) decided to distribute cash dividends worth SAR 6 billion, equivalent to 20% of the capital, for the second half (H2) of 2022. The firm will disburse SAR 2 per share for 3 …

Board of Directors

30 October 2022 02:24 PM SABIC’s profits fall to SAR 16.24bn in 9M-22 interim results

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) posted a 10.28% decline in net profit after Zakat and tax to SAR 16.24 billion during the first nine months (9M) of 2022, versus SAR 18.10 billion in 9M-21. Revenues amounted to SAR …

Financial Results