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Saudi SABIC Expected to Achieve $1.2 Billion in Profits in 2024particularly 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 ...
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 ...
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 ...
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 ...
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 ...
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