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Road to Net Zero

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Road to Net Zero

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SABIC

Sabic's net profit for the three months to the end of December rose to 4.93 billion Saudi riyals ($1.31bn), compared to 2.25bn riyals in the same period a year ago.

Sabic fourth-quarter net profit more than doubles on higher selling prices

EnergyFebruary 03, 2022

To expand its operations globally, Sabic Agri-Nutrients Company signed an agreement to acquire a 49 per cent stake in ETG Inputs Holdco Limited. Photo: Sabic Agri-Nutrients

Sabic Agri-Nutrients to buy £320m stake in ETG Inputs

EnergyJanuary 27, 2022

Sabic, the Middle East’s biggest petrochemicals company, is supporting the growth of local companies in the kingdom through the Nusaned initiative. Photo Sabic

Sabic’s localisation drive to contribute $3bn to Saudi Arabia's economy

EnergyDecember 29, 2021

Sabic has manufacturing units across the globe, including in the Americas, Europe, the Middle East and the Asia Pacific. AFP

Sabic to invest $1.37bn in UK plant as it aims to cut emissions

EnergyOctober 28, 2021

Sabic, one of the world’s largest petrochemical firms, attributed the growth in profit to higher selling prices. Reuters

Sabic third-quarter net profit surges five-fold on higher selling prices

EnergyOctober 28, 2021

Chemicals producer Sabic established a petrochemical joint venture project with US energy major ExxonMobil in 2019. Reuters

Sabic begins work on ExxonMobil joint venture in the US

EnergySeptember 19, 2021

Flare stacks burn at the Saudi Aramco oilfield complex at Shaybah in the Rub’ Al Khali desert. Gulf-based state oil exporters such as Saudi Aramco and the UAE's Abu Dhabi National Oil Company are making huge bets on developing blue hydrogen as they look to sell newer forms of energy. Getty Images

Saudi Aramco exploring opportunities to export blue hydrogen, CEO says

EnergyAugust 09, 2021

Sabic sales jumped 14% in the quarter boosting the company's bottom line. AFP Photo

Middle East's largest petrochemical company returns to profit in first quarter

EnergyApril 29, 2021

The agreement between Sabic and SIRC also includes a feasibility study on building a chemical recycling plant in Saudi Arabia to convert mixed plastic waste into pyrolysis oil. AFP Photo

PIF-owned recycling subsidiary signs agreement with Sabic for reuse of plastics

EnergyApril 08, 2021

Renewable energy is expected to play a major part in Sabic's operations in the next 10 to 15 years. AFP Photo

Renewable energy to play a major role in Sabic's operations

EnergyNovember 04, 2020

Sabic reported its a loss in the second quarter on the back of lower selling prices for its products and impairment provisions. Bloomberg

Sabic posts loss due to lower selling prices and impairment provisions

EnergyAugust 06, 2020

Fees earned by investment bankers in the Middle East and North Africa region dropped 25 per cent in the first half of the year due to fewer merger deals completed. Getty Images.

Fees fall for investment bankers in first half of 2020

BusinessJuly 17, 2020

The Panorama Command Centre at Adnoc's headquarters in Abu Dhabi is being accessed remotely these days. Khushnum Bhandari / The National

Adnoc unlocks $1bn in value from digital hub

EnergyMay 05, 2020

The B20 virtual plenary session suggested the global economy did not just need to be restarted, but to be redesigned. Image courtesy of B20

Financial policymakers should strive to redesign a greener economy in post-pandemic world

EconomyApril 22, 2020

The Aramco-Sabic transaction is a "significant leap forward” for Saudi Aramco’s downstream strategy, Aramco president and chief executive, Amin Nasser said. Reuters

Saudi Arabia’s Safco agrees to buy Sabic's agri-nutrients arm for Dh4.5bn

BusinessDecember 25, 2019

Mohammed Al-Jadaan, Saudi Arabia's finance minister, gestures as he speaks during a panel session on day three of the World Economic Forum in Davos. Bloomberg

Riyadh to announce five more public-private projects

EconomyNovember 07, 2019

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