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28 February 06:20 PM

Stocks News

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30 January 01:46 PM Aramco lowers propane, butane prices for February
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set propane price for February delivery at $505 per tonne, Reuters reported. The prices for next month are less than the $565 per tonne price set for January shipments. Aramco’s …
Photo Archive
22 January 01:10 PM Aramco agrees LNG sale to S-Oil
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has reportedly sold a liquefied natural gas (LNG) cargo to South Korea’s S-Oil Corporation, through its trading arm Aramco Trading Company. The cargo was sold at around $4.40-$4.60 …
Commodities
Aramco set the January price for butane at $590 per ton
31 December 2019 04:39 PM Saudi Aramco raises propane prices for January 2020
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set the price for January propane shipments at $565 per ton, up from $440 in December. Meanwhile, Aramco set the January price for butane at $590 per ton, compared with $455 in …
Credit Agricole is still developing SMEs portfolio and getting some resources
18 December 2019 02:09 PM Antoine Paliard talks fintech innovation, startup contests – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Credit Agricole has chosen Infini Systems, an India-based startup, as the winner of the Fintech Hackathon 2019 during the RiseUp Summit, held in Cairo from 5 to 7 December. A total of 30 teams …
Banking and Finance
Mohamed Okasha, Managing Director of Fawry
15 December 2019 03:18 PM Interview: Fawry will use blockchain technology – Mohamed Okasha
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Fawry has been in the Egyptian market for over a decade, and recently listed on the Egyptian Exchange (EGX). During this time, the leading e-payment network proved itself as an “enabler”, said …
Companies Investments
The confirmation came in a statement to Boursa Kuwait
3 December 2019 10:26 AM Humaidi still committed to offer Ream Real Estate takeover
Mubasher: Abdullah Mohammed al Humaidi announced that he is committed to put forward an obligatory proposal to purchase all of Ream Real Estate Co’s shares by 1 March 2020 at most. The confirmation came in al Humaidi’s statement to Boursa Kuwait. …
28 November 2019 05:38 PM DAMAC Chairman’s private firm acquires Italy’s brand icon Roberto Cavalli
Dubai – Mubasher: Hussain Sajwani, the chairman of the Dubai-based DAMAC Properties has sealed a takeover deal of the Italian fashion group Roberto Cavalli SpA.
Global Markets brief
The deal comes along with Kingdom Holding’s expansion strategy
24 October 2019 00:21 PM Kingdom Holding unit pens MoU to buy Alhokair’s stake in Trade Center
Riyadh – Mubasher: Kingdom Investment and Development Company, a subsidiary of Kingdom Holding Company, has signed a binding memorandum of understanding (MoU) with Fawaz Abdulaziz Alhokair Company to purchase its 100% stake in Trade Center Company …
Commodities
Edita Food Industries logged a net profit of EGP 167.8 million in H1
20 October 2019 11:06 AM Edita’s unit pens financial support deal with Moroccan gov’t
Cairo – Mubasher: Edita Food Industries announced that its subsidiary Edita Food Industries Morocco inked a grant agreement with the Moroccan government. Under the deal, the company will receive MAD 15 million ($1.56 million) as part of the …
Companies Investments
Revenues are expected to remain down in Q3-19
8 October 2019 04:37 PM Al Jazira Capital: Saudi petrochemical sector seen up MoM, down YoY in Q3
Riyadh – Mubasher: Al Jazira Capital predicted the net income of the Saudi petrochemical sector to improve by 9% during the third quarter of 2019, compared to the second quarter of the same year. The research company ascribed the increase in …
Sector Reports
Advanced Petrochemical evaluated the final effects of the decline in supplies
29 September 2019 11:25 AM Feedstock supplies reach normal levels - Advanced Petrochemical
Riyadh – Mubasher: The feedstock supplies of Advanced Petrochemical Company have reached 100% of their normal levels on Thursday, 26 September. On 18 September, the company said that its feedstock supplies shortage fell to 20% from 40% following …
Commodities
Petrochem has suffered a 40% curtailment of feedstock supplies
29 September 2019 11:16 AM Petrochem’s feedstock supplies restored to normal levels
Riyadh – Mubasher: The National Petrochemical Company (Petrochem) said that its feedstock supplies gradually improved and reached 100% of their regular levels on Thursday, 26 September. Petrochem has suffered a 40% curtailment of feedstock …
Commodities
Tasnee’s net profits after zakat and tax fell by 25% in Q2-19
26 September 2019 04:00 PM Tasnee feedstock supplies’ resume to normal levels
Riyadh – Mubasher: The National Industrialization Company (Tasnee) said that its feedstock supplies have reached their regular levels on Thursday, 26 September. Following attacks on Aramco’s oil facilities earlier in September, Tasnee announced …
The feedstock shortage has not resulted in any material financial impact
26 September 2019 10:26 AM SABIC says feedstock supplies return to normal
Riyadh – Mubasher: The Saudi Basic Industries Corp. (SABIC) announced that its feedstock supplies gradually improved to reach their regular levels on Thursday, 26 September. Following Aramco’s attacks on its oil facilities on 14 September, SABIC …
Petro Rabigh had a 20% curtailment in feedstock supplies of ethane gas
24 September 2019 10:46 AM Petro Rabigh’s feedstock supplies restored
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) announced that the feedstock supplies have reached their normal levels. The shortage has not affected the lenders’ reliability test, Petro Rabigh said in a filing to the …
Sipchem is still working on evaluating the final effects
19 September 2019 09:54 AM Sipchem says supplies curtailment shrink to 20%
Riyadh – Mubasher: Sahara International Petrochemical Co (Sipchem) announced that the shortage seen in the supplies from Saudi Aramco has been showing improvement. Curtailment dropped from 40% to approximately 20%, with the expectation to reach …
SAFCO’s feedstock supplieso the company’s plants reached normal levels
18 September 2019 00:29 PM SAFCO’s feedstock supplies reach normal levels
Riyadh – Mubasher: The Saudi Arabian Fertilizer Company (SAFCO) announced that the feedstock supplies to the company’s plants have reached normal levels as of Wednesday, 18 September 2019. Following the evaluation of the final effects, no …
Tasnee will continue working on evaluating the financial effects
18 September 2019 00:28 PM Tasnee’s feedstock supplies curtailment drops to 25%
Riyadh - Mubasher: The National Industrialization Company (Tasnee) said that the shortage in its feedstock supply from Saudi Aramco improved as it went down to 25% approximately from 41%. The company’s feedstock supply is expected to reach normal …
Commodities
Yansab is still evaluating the final effects
18 September 2019 00:00 PM Yansab feedstock supplies curtailment down to 17%
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) announced that its feedstock supplies shortage dropped to 17% from 30% following Aramco’s terrorist attacks last Saturday. The feedstock supplies are expected to reach their normal …
SABIC will continue working on evaluating the final effects
18 September 2019 11:27 AM SABIC’s feedstock supplies shortage improves to 30%
Riyadh – Mubasher: Saudi Basic Industries Corp. (SABIC) said that its feedstock supplies shortage fell to 30% after it was seen at 49% following Aramco’s drone strikes on Saturday. The company’s feedstock supplies are expected to resume to their …
Commodities
The reduction is likely to reach normal levels by the end of September
18 September 2019 11:16 AM Saudi Kayan sees 37% curtailment in feedstock supplies from Saudi Aramco
Riyadh – Mubasher: The Saudi Kayan Petrochemical Co, listed on the Saudi Stock Exchange (Tadawul), on Wednesday announced that its feedstock supplies from Saudi Aramco have improved after curtailment went down to 37% from 50%. The reduction is …
Petro Rabigh will announce any further details in due course
18 September 2019 11:14 AM Petro Rabigh sees 20% curtailment in ethane gas
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) announced a shortage of 20% in feedstock supplies of ethane gas following Saudi Aramco’s terrorist attacks earlier this week. The said curtailment will not affect the …
Commodities
Supplies are expected to reach normal levels by the end of September
18 September 2019 11:08 AM Advanced Petrochemical reveals rise in feedstock supplies
Riyadh – Mubasher: Advanced Petrochemical Company announced that its feedstock supplies from state-run oil giant Saudi Aramco have improved as the reduction fell to 20% from 40%. Supplies are expected to reach normal levels by the end of September …
Commodities
SAFCO is currently working on evaluating the final effects
17 September 2019 00:58 PM SAFCO sees 30% curtailment in feedstock supplies
Riyadh – Mubasher: The Saudi Arabian Fertilizer Company (SAFCO) announced a 30% shortage in feedstock supplies in the company’s plants starting Monday, 16 September 2019. SAFCO expects the feedstock output to be restored in the coming days, …
Petro Rabigh is currently working on evaluating the final effects
17 September 2019 10:21 AM Petro Rabigh sees shortage in ethane gas, raw oil
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) announced an 8% and 12.5% curtailment in its ethane gas and raw oil supplies, respectively, starting Saturday, 14 September. The said shortage did not affect the lenders’ …