Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Saudi Arabia
  4. Saudi Arabian Stock Exchange
  5. Saudi Basic Industries Corporation
  6. News
  7. Summary
    2010   SA0007879121

SAUDI BASIC INDUSTRIES CORPORATION

(2010)
  Report
End-of-day quote Saudi Arabian Stock Exchange  -  2022-11-30
84.00 SAR   +1.20%
11/23SABIC Announces Its Intention to Study the Establishment of A Complex to Convert Oil and Liquids into Chemicals in Ras Al-Khair, in the Kingdom of Saudi Arabia
CI
11/23Saudi's SABIC and Aramco plan to start project to convert crude into petrochemicals
RE
11/02The Power and Water Utility Company for Jubail and Yanbu has completed an IPO in the amount of SAR 3.362347 billion.
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Saudi's SABIC posts near 4% rise in Q2 net profit

08/09/2022 | 02:07am EST

DUBAI, Aug 9 (Reuters) - Saudi Basic Industries Corp (SABIC) said on Tuesday that it expects margins to be under pressure in the second half of 2022, due to a slowdown in global growth, lockdowns in China, conflict in Europe and continued supply chain challenges.

The guidance from the world's fourth-biggest petrochemicals firm by sales and asset value came as it reported an almost 4% rise in second-quarter net profit.

SABIC reported a net profit of 7.93 billion riyals ($2.11 billion) in the three months to June 30, up from 7.64 billion riyals in the year-ago period, the company said in a bourse statement.

It attributed the increase in profit to higher average selling prices despite an increase in feedstock costs and higher selling and distribution expenses.

The company said profits were also buoyed by an increase in share of results of associates and joint ventures. ($1 = 3.7580 riyals) (Reporting by Hadeel Al Sayegh; Editing by Shailesh Kuber)


ę Reuters 2022
All news about SAUDI BASIC INDUSTRIES CORPORATION
11/23SABIC Announces Its Intention to Study the Establishment of A Complex to Convert Oil an..
CI
11/23Saudi's SABIC and Aramco plan to start project to convert crude into petrochemicals
RE
11/02The Power and Water Utility Company for Jubail and Yanbu has completed an IPO in the am..
CI
11/02Saudi Basic Industries Corporation Reports Earnings Results for the Third Quarter Ended..
CI
10/30SABIC posts 67% fall in Q3 profit on higher costs, impairment
RE
10/17Saudi Basic Industries Corporation Announces Latest Developments Regarding Start of Com..
CI
10/09Saudi Aramco-backed Utility Marafiq Sets Price Range For Saudi Arabian IPO
MT
10/09Saudi utility partly owned by Aramco and PIF sets IPO price range
RE
09/28Saudi Basic Industries Corporation Announces Resignation of the CEO and Acting Assignme..
CI
09/28Saudi Basic Industries Corporation Announces Resignation of Yousef Abdullah Al-Benyan a..
CI
More news
Analyst Recommendations on SAUDI BASIC INDUSTRIES CORPORATION
More recommendations
Financials
Sales 2022 199 B 52 877 M 52 877 M
Net income 2022 18 386 M 4 891 M 4 891 M
Net cash 2022 18 444 M 4 907 M 4 907 M
P/E ratio 2022 13,9x
Yield 2022 5,35%
Capitalization 252 B 67 041 M 67 041 M
EV / Sales 2022 1,18x
EV / Sales 2023 1,23x
Nbr of Employees 35 000
Free-Float 30,0%
Chart SAUDI BASIC INDUSTRIES CORPORATION
Duration : Period :
Saudi Basic Industries Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAUDI BASIC INDUSTRIES CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 84,00 SAR
Average target price 105,77 SAR
Spread / Average Target 25,9%
EPS Revisions
Managers and Directors
Abdulrahman S. Al-Fageeh CEO & Executive Vice President-Petrochemicals
Timothy D. Leveille Executive Vice President-Corporate Finance
Khalid Hashim Al-Dabbagh Chairman
Bob Maughon Executive Vice President-Technology & Innovation
Nader Ibrahim Ali Al-Wehibi Independent Director
Sector and Competitors