Saudi petchem firms reported 14% jump in H1 profits
31/07/2014 8:58 am EDT

share with your network:

Profits of Saudi listed petrochemical companies jumped 14.4% in the first half of this year to SR18.54bn, compared with SR16.2bn in the same period last year, Arab News has reported. Capital of the 14 listed firms stood at SR92bn as their market capitalisation reached SR631bn, or 30% of the value of all companies listed in the market. Saudi Basic Industries Corp (SABIC) captured the highest profits during the period with SR12.9bn, which represented 70% of the sector’s total profits, the report said.

About the Author

share with your network:

Share your view

© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.