Saudi Kayan Petrochemical Co (2350)

Riyadh – Mubasher: Saudi Kayan Petrochemical Company announced that its accumulated losses reached SAR 3.06 billion at the end of February 2024. The company’s accumulated losses account for 20.44% of its capital of SAR 15 billion, according to a …

Riyadh – Mubasher: The board of Saudi Kayan Petrochemical Company has appointed Sameeh bin Sulaiman Al Sahafi as the company's new CEO. Al Sahafi will commence the new position on 1 January 2024, according to a bourse disclosure. The resolution …

Riyadh – Mubasher: The net losses after Zakat and tax of Saudi Kayan Petrochemical Company reached SAR 1.51 billion in the first nine months (9M) of 2023, an annual hike of 234.47% from SAR 452.77 million. Revenues plummeted by 34.04% to SAR 6.09 …

Riyadh – Mubasher:  Saudi Kayan Petrochemical Company turned to net losses after Zakat and tax worth SAR 1.06 billion in the first half (H1) of 2023, versus net profits of SAR 359.50 million in H1-22. Revenues shrank by 40.60% year-on-year (YoY) …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company shifted to net losses after Zakat and tax totalling SAR 673.27 million in the first quarter (Q1) of 2023, against profits worth SAR 209.34 million in Q1-22. The firm witnessed a 46.38% …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company turned to net losses after Zakat and tax worth SAR 1.24 billion in 2022, versus net profits of SAR 2.39 billion in 2021. Revenues amounted to SAR 11.15 billion last year, lower by 11.85% than …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company paid $644 million (SAR 2.40 billion) as the last instalment of the senior loans worth $6 billion (SAR 22.50 billion) ahead of the scheduled plan. The Tadawul-listed company fully settled the …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company obtained a Sharia-compliant Murabaha facility worth SAR 3 billion from Saudi National Bank (SNB) on 3 November 2022. The Tadawul-listed firm will use the funding to back its working capital and …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company shifted to net losses after Zakat and tax worth SAR 452.77 million in the first nine months (9M) of 2022, against net profits of SAR 1.94 billion in 9M-21. The revenues inched up by 0.55% to SAR …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company’s net profits after Zakat and tax plunged by 71.78% to SAR 359.50 million in the first half (H1) of 2022, compared to SAR 1.27 billion in H1-21. Revenues surged by 15.69% year-on-year (YoY) to …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company has appointed Metab Zaid Al Shahrani as the company's CEO, effective 24 July 2022. Al Shahrani succeeded Omar Ali Al Ruhaily, who occupied another position in the manufacturing sector at Saudi …

Riyadh – Mubasher: The Saudi Exchange (Tadawul) will launch Single Stock Futures (SSFs) contracts on 4 July this year to enable the expansion of its Derivatives Market and products. The first tranche of the SSFs will be based on 10 listed …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company has posted an annual drop of 57.52% in net profits after Zakat and tax to SAR 209.38 million during the first quarter (Q1) of 2022, compared to SAR 492.90 million. The Saudi listed firm …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company has achieved net profits after Zakat and tax of SAR 2.39 billion in 2021, against net losses of SAR 784.73 million in 2020. The company generated revenues of SAR 12.656 billion in 2021, up …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company has announced the early settlement of SAR 1.87 billion out of the company’s senior loans. The remaining debt after the prepayment stands at SAR 13 billion as of 31 December 2021, according to a …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company has turned profitable at SAR 667.45 million in the third quarter (Q3) of 2021, against losses worth SAR 28.16 million in Q3-20. Revenues increased by 63% year-on-year (YoY) to SAR 3.43 billion …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company registered net profits after Zakat and tax worth SAR 1.27 billion during the first six months of 2021, against losses of SAR 914.98 million in the same period last year. Earnings per share stood …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company (Saudi Kayan) announced the resumption of operations in its olefins plant after completing all scheduled maintenance, according to a bourse filing on Sunday. This maintenance is expected to have …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company returned to profitability in the fourth quarter (Q4) of 2020, gaining SAR 158.4 million in net profits, against losses of SAR 167.4 million in the same period a year earlier. The move to profits …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company said on Monday that the Ministry of Energy had approved its request to increase Ethane allocation by a maximum of (30) MMSCFD based on the availability of Ethane from Gas production future …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company turned to a net loss of SAR 28.16 million in the third quarter (Q3) of the year, against net profits of SAR 1.26 million in the corresponding period a year earlier. The move to losses was driven …

Riyadh – Mubasher: Combined losses of SAR 2.4 billion were achieved by Saudi listed petrochemical companies during the second quarter (Q2) of 2020 amid tumbling oil prices and setbacks from the coronavirus pandemic. This is compared to profits of …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company’s net losses widened by 45.78% annually during the second quarter (Q2) of 2020, reaching SAR 398.19 million when compared to SAR 273.13 million in Q2-19, as shown by the company’s …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company reported an increase in net losses by 161.67% during the first quarter (Q1) of 2020. The net loss after Zakat and tax amounted to SAR 516.78 million in Q1-20, compared with SAR 197.49 million …

Riyadh – Mubasher: Saudi Kayan Petrochemical Company announced turning to losses for the fiscal year ended 31 December 2019. The Saudi firm incurred net losses of SAR 636.7 million last year, against net profits of SAR 1.702 billion in 2018, …