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 portfolio and focusing on its core business, including the possibility of an initial public offering (IPO) in the main market, according to a bourse disclosure.

The Saudi group aims to enhance its financial position and expand the value added for shareholders.

Meanwhile, each option is subject to the necessary financial, technical, regulatory and economic assessments.

SABIC will announce any material developments as required by the relevant law and regulations.

In the first quarter (Q1) of 2025, SABIC incurred net losses valued at SAR 1.21 billion, compared to a net profit of SAR 250 million in Q1-24.