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Sabic becomes profitable despite 11% drop in revenue

By CityCalc Newsroom · Wed Apr 29 2026 · Source: AGBI

Saudi Basic Industries Corp (Sabic), which is 70 percent owned by Saudi Aramco, turned profitable in the first quarter of 2026 following a drop in operating expenses. Net income attributable to shareholders reached SAR13.2 million ($3.5 million), versus a net loss of SAR1.1…

Saudi Basic Industries Corp (Sabic), which is 70 percent owned by Saudi Aramco, turned profitable in the first quarter of 2026 following a drop in operating expenses. Net income attributable to shareholders reached SAR13.2 million ($3.5 million), versus a net loss of SAR1.1…

Curated by CityCalc from AGBI. Read the full article at the source.

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