Saudi Basic Industries Corp (2010)

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News

6 September 04:37 PM SABIC’s unit obtains regulatory nod for new methanol production plant

Riyadh — Mubasher:  Saudi Methanol Company (Ar-Razi), a subsidiary of Saudi Basic Industries Corporation (SABIC), received approval from the Ministry of Energy for the allocation of feedstock required to establish a new methanol production plant. …

Companies Investments

2 September 07:09 PM SABIC, Lenovo partner to bolster industrial innovation

Riyadh — Mubasher: Saudi Basic Industries Corporation (SABIC)and Lenovo signed a memorandum of understanding (MoU) on the sidelines of the LEAP 2026 to explore opportunities for strategic collaboration that support industrial innovation. The MoU …

Companies Investments

27 August 08:50 PM Twareat Medical Care announces update to lawsuit against SABIC

Riyadh — Mubasher: Twareat Medical Care Company stated that the Riyadh Commercial Court issued a preliminary ruling on 25 August 2026 in its lawsuit against Saudi Basic Industries Corporation (SABIC), according to a bourse filing. The court …

Company News

4 August 02:17 PM SABIC completes divestment of engineering thermoplastics business

Riyadh — Mubasher: Saudi Basic Industries Corporation (SABIC) has completed its divestment from the engineering thermoplastics business across North America, South America, and Europe. The transaction with Mutares SE & Co. KGaA closed on 3 August …

Companies Investments

29 July 03:28 PM SABIC to pay SAR 3.3bn dividends for H1-26

Riyadh — Mubasher: Saudi Basic Industries Corporation (SABIC) announced that its board of directors has approved the distribution of SAR 3.30 billion in interim cash dividends to shareholders for the first half (H1) of 2026. The chemical …

Board of Directors

29 July 12:22 PM SABIC announces decrease in Q2, H1-26 net losses

Riyadh — Mubasher: Saudi Basic Industries Corporation (SABIC) posted a net loss of SAR 820 million in the first half (H1) of 2026, representing an 84.47% decline from the SAR 5.28 billion net loss recorded in H1-25. The petrochemical major SABIC …

Company News

27 July 09:43 PM Tadawul witnesses 6 negotiated deals at nearly SAR 80m

Riyadh — Mubasher: The Saudi Exchange (Tadawul) witnessed the execution of six negotiated deals totaling SAR 79.95 million on 27 July 2026. These off-market transactions involved a combined volume of 2.46 million shares across five listed …

Banking and Finance

27 July 09:06 PM SABIC witnesses negotiated deal on 400,000 shares

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) saw a special deal executed during the 27 July 2026 session on the Saudi market. The negotiated transaction was implemented on 400,000 shares at a price of SAR 52.20 per share. The …

Stock Evaluations

31 May 01:50 PM Bupa Arabia renews insurance services with SABIC

Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Company has announced the receipt of a contract award from Saudi Basic Industries Corporation (SABIC) on 24 May 2026 to renew cooperative health insurance services. The agreement ensures the …

Company News

18 May 07:12 PM Saudi listed companies’ earnings in Q1-26 surge to SAR 166.5bn – Report

Riyadh – Mubasher: The Saudi listed companies recorded a 21.9% annual growth in earnings during the first quarter (Q1) of 2026 when compared to Q1-25, on the back of higher net profit in the energy sector. Earnings of the entities listed on the …

Financial Results

29 April 01:32 PM SABIC turns profitable at SAR 13m in Q1-26 with revenue exceeding SAR 26bn

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) achieved net income attributable to the shareholders at SAR 13 million ($3.52 million) in the first quarter (Q1) of 2026. The positive results marked a shift from net losses of SAR 1.21 …

Company News

4 March 11:18 AM SABIC shifts to SAR 25.7bn net losses in 2025; dividends for H2 greenlighted

Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) swung to SAR 25.78 billion in net loss attributable to owners at the end of December 2025, versus net profits of SAR 1.54 billion a year earlier. The loss per share hit SAR 8.59 last …

Board of Directors

8 January 07:21 PM SABIC exits assets in Europe for $950m

Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) inked two strategic transactions to divest its European Petrochemicals (EP) business to AEQUITA and its Engineering Thermoplastics (ETP) business in the Americas and Europe to MUTARES. …

Global Economy

2 November 2025 01:27 PM SABIC’s revenues cross SAR 104.4bn in 9M-25; profits hit SAR 400m in Q3

Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) reported net losses valued at SAR 4.84 billion in the first nine months (9M) of 2025, against net profits of SAR 3.43 billion in 9M-24. The revenues edged down by 0.75% year-on-year …

Financial Results

4 August 2025 06:19 AM SABIC incurs SAR 5.2bn losses in H1-25; dividends announced

Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) shifted to net losses worth SAR 5.28 billion during the first half (H1) of 2025, versus a net profit of SAR 2.43 billion as of 30 June 2024. Revenues hit SAR 70.16 billion in H1-25, up …

Board of Directors

10 July 2025 00:58 PM SABIC explores plans for subsidiary GAS’ IPO

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 …

Trading Activities

4 May 2025 06:58 PM SABIC shifts to SAR 1.2bn net losses in Q1-25; revenues increase 6%

Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) turned to net losses worth SAR 1.21 billion during the first quarter (Q1) of 2025, versus a net profit of SAR 250 million in Q1-24. Meanwhile, the revenues stood at SAR 34.59 billion in …

Financial Results

27 February 2025 07:16 AM SABIC logs SAR 1.5bn profits in 2024; revenues down 1%

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) shifted to net profits valued at SAR 1.54 billion in 2024, compared to net losses of SAR 2.77 billion in 2023. Revenues dropped by 1.10% year-on-year (YoY) to SAR 139.98 billion as of …

Financial Results

23 December 2024 04:48 PM SABIC to disburse SAR 5.1bn dividends for H2-24

Riyadh – Mubasher: The board members of Saudi Basic Industries Corporation (SABIC) decided to distribute cash dividends totalling SAR 5.10 billion to its shareholders for the second half (H2) of 2024. SABIC will pay SAR 1.70 per share, …

Cash Dividends

4 November 2024 04:36 PM SABIC turns profitable at SAR 3.4bn in 9M-24 interim results

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) swung to net profits amounting to SAR 3.43 billion in the first nine months (9M) of 2024, versus net losses worth SAR 1.04 billion in 9M-23. Revenues hit SAR 105.28 billion in 9M-24, …

Financial Results

4 August 2024 11:24 AM SABIC’s profits leap 32% in H1-24; revenues hit SAR 68.4bn

Riyadh – Mubasher: The net profits of Saudi Basic Industries Corporation (SABIC) hiked by 32.06% year-on-year (YoY) to SAR 2.43 billion in the first half (H1) of 2024, compared to SAR 1.84 billion. The revenues reached SAR 68.40 billion in H1-24, …

Financial Results

22 May 2024 10:55 AM SABIC to disburse over SAR 5bn dividends for H1-24

Riyadh – Mubasher: The board of Saudi Basic Industries Corporation (SABIC) agreed to pay cash dividends valued at SAR 5.10 billion for the first half (H1) of 2024. SABIC will distribute a dividend of SAR 1.70 per share for 3 billion eligible …

Cash Dividends

1 May 2024 05:00 PM SABIC registers 62% annual plunge in Q1-24 net profit on lower revenues

Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) announced a 62.12% year-on-year (YoY) drop in net profit to SAR 250 million during the first quarter (Q1) of 2024 from SAR 660 million. The earnings per share (EPS) decreased to SAR …

Financial Results

18 April 2024 06:04 PM Yansab appoints Al Solami as CEO; Bazaid nominated for SABIC role

Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) has appointed Wazen Al Solami to be the CEO of Yansab starting from 1 May 2024. The decision was made during the board meeting on 18 April this year, according to a bourse filing. Al …

Management Decisions

27 February 2024 05:30 PM SABIC shifts to loss in 2023; revenues plummet 23% YoY

Riyadh – Mubasher: The board members of Saudi Basic Industries Corporation (SABIC) turned to loss during the financial year 2023, reporting a net loss of SAR 2.77 billion, compared to a net profit of SAR 16.53 billion a year earlier. Revenues …

Financial Results