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Topic

SABIC

Need for mitigating measures

Need for mitigating measures

Published 10 Apr, 2026 05:52am
EDITORIAL: Qatar Energy has declared force majeure on some of its long-term liquefied natural gas (LNG) supply...
CCP grants approval to three mergers

CCP grants approval to three mergers

Updated 25 Feb, 2024 10:43pm
ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval to three mergers concerning M/s Saudi...
Saudi Shares fall

Saudi Shares fall

Published 31 Oct, 2022 05:55am
DUBAI: Saudi Arabian shares extended losses on Sunday, weakened by disappointing corporate earnings, volatile energy...
Saudi cement firm postpones capital reduction plan amid private sector push

Saudi cement firm postpones capital reduction plan amid private sector push

Published 05 Apr, 2021 09:37pm
  • Yanbu Cement, listed on the Saudi stock exchange Tadawul, had said in January its board had recommended a capital reduction to 1 billion riyals ($266.65 million) from 1.575 billion riyals as the capital exceeded the company's needs.
  • The capital decrease would have happened by cancelling 36.5% of its shares and compensating shareholders.
Most major Gulf markets gain; Saudi index dips

Most major Gulf markets gain; Saudi index dips

Published 01 Apr, 2021 07:48pm
  • Saudi Arabia's crown prince said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.33 trillion) of investments by the local private sector by 2030 under a programme announced on Tuesday for economic diversification.
  • The kingdom's benchmark index eased 0.1%, hit by a 1.5% fall in oil giant Saudi Aramco and 2% slide in Saudi Basic Industries Corp.
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