Hosted on MSN19d
Saudi SABIC Expected to Achieve $1.2 Billion in Profits in 2024
particularly the revaluation of Saudi Iron and Steel Company (Hadeed), also contributed. However, finance income declined due to the revaluation of equity derivatives. Despite market challenges ...
Hosted on MSN17d
SABIC Returns to Profit in 2024, Allocates $4 Bn for 2025 Capital Expenditure
The company said it recorded a SAR 3.52 billion reduction in total losses from discontinued operations, driven by the fair value assessment of Saudi Iron and Steel Co. (Hadeed) and operational ...
Reuters18d
Saudi chemicals group SABIC flags cost cuts after worse than expected quarterly loss
It has already divested its stakes in Aluminum Bahrain (Alba) and steel business Hadeed, selling both to other state-backed Saudi entities. CEO Abdulrahman Al-Fageeh said in SABIC's earnings ...
Argaam2mon
SABIC earns SAR 1.54B in 2024, incurs SAR 1.89B loss in Q4
SABIC reported a decline in total losses from discontinued operations in 2024 to SAR 3.52 billion, due to the fair value estimation of Saudi Iron and Steel Co. (Hadeed). Operating income saw an ...
Zawya18d
Saudi chemicals group SABIC flags cost cuts after worse than expected quarterly loss
It has already divested its stakes in Aluminum Bahrain (Alba) and steel business Hadeed, selling both to other state-backed Saudi entities. CEO Abdulrahman Al-Fageeh said in SABIC's earnings release ...