Sabic chief executive Yousef Al Benyan  says "capital discipline remains a priority" as the company reported an 86 per cent drop in third quarter profit. Chris Whiteoak / The National.
Sabic chief executive Yousef Al Benyan  says "capital discipline remains a priority" as the company reported an 86 per cent drop in third quarter profit. Chris Whiteoak / The National.

Energy

Sabic reports 86 per cent third quarter profit fall after writing down Clariant stake

Company impaired the value of its 24.99 per cent share in the Swiss chemicals giant by 1.5 billion riyals

Michael Fahy
Michael Fahy

October 27, 2019