Travel


Posts filtered by tags: SABIC[x]


 

Shareholders of #SaudiArabia's Sabic approve $2.4bn 2020 cash dividend | The National

Saudi Basic Industries Corporation, the Middle East's biggest petrochemicals producer, will pay out a total 2020 cash dividend of 9 billion Saudi riyals ($2.4bn) after shareholders approved a 4.5bn riyals dividend for the second half of last year.The second-half cash dividend of 1.5 riyals per share represents 15 per cent of the nominal share value of Sabic and will be distributed to eligible shareholders on May 3, the company said in a statement on Wednesday. The company’s board recommended a s...


MIDEAST STOCKS-Major Gulf markets end mixed; #AbuDhabi snaps winning streak | Nasdaq

MIDEAST STOCKS-Major Gulf markets end mixed; Abu Dhabi snaps winning streak | NasdaqMajor stock markets in the Gulf ended mixed on Wednesday, with the Abu Dhabi index ending its run of gains, while Saudi Arabia was lifted by its financial shares.The Saudi benchmark index .TASI rose 0.3%, helped by a 5.7% gain in Banque Saudi Fransi 1050.SE and a 3.3% increase in Dr Sulaiman Al-Habib Medical Services 4013.SE.However, petrochemical firm Saudi Basic Industries Corp (SABIC) 2010.SE eased 0.3%.SABIC ...
Tags: Travel, Saudi Arabia, Wam, Qatar, Hsbc, United Arab Emirates, Dubai, Abu Dhabi, Morgan Stanley, Uae, Gulf, Reuters, Adi, SABIC, Tasi, Rupert Neil Bumfrey


Most major Gulf markets ease in early trade; #Saudi gains | Reuters

Most major Gulf markets ease in early trade; Saudi gains | ReutersMost major stock markets in the Gulf fell in early trade on Wednesday, although the Saudi index nudged higher.Saudi Arabia’s benchmark index rose 0.3%, bolstered by a 2.7% gain in Banque Saudi Fransi and a 1.4% increase in Riyad Bank.However, petrochemical firm Saudi Basic Industries Corp (SABIC) eased 0.3%.SABIC has selected HSBC and Morgan Stanley to work on the planned initial public offering (IPO) of its specialty chemicals bu...
Tags: Travel, Saudi Arabia, Hsbc, United Arab Emirates, Dubai, Abu Dhabi, Morgan Stanley, Gulf, Reuters, SABIC, Gulf Arab, Emaar Properties, Etisalat, Qatar Islamic Bank, Rupert Neil Bumfrey, Emaar Malls


#SaudiArabia's SABIC picks HSBC, Morgan Stanley for specialty unit IPO - sources | Reuters

Saudi Arabia's SABIC picks HSBC, Morgan Stanley for specialty unit IPO - sources | ReutersSaudi Basic Industries Corp (SABIC) has selected HSBC and Morgan Stanley to work on the planned initial public offering (IPO) of its specialty chemicals business, two sources familiar with the matter said.SABIC, the world’s fourth-biggest petrochemicals firm, hired Saudi investment bank NCB Capital earlier this year to work on the public share sale, which sources said could raise several hundred million dol...
Tags: Travel, Saudi Arabia, Ipo, Hsbc, Morgan Stanley, Reuters, Aramco, SABIC, NCB Capital, Rupert Neil Bumfrey, HSBC Morgan Stanley, ReutersSaudi Basic Industries Corp SABIC, SABIC HSBC


Middle East Stocks: Jordanian Shares Slip, Bucking Gains in Mideast Peers - Bloomberg

Stocks in Jordan snapped a three-day advance, bucking gains in most Middle East markets, after several arrests were made following what may have been an attempt to destabilize the current government.The Amman Stock Exchange General Index fell as much as 0.6% Sunday, reversing an increase of 0.5% last week. Jordan Petroleum Refinery Co. and Jordan Phosphate Mines fell more than 1%, dragging the index down the most.Over the weekend, Hasan Bin Zeid, a member of the Jordanian royal family, was held ...
Tags: Travel, Saudi Arabia, Opec, Morocco, Middle East, Oman, Jordan, Kuwait, Saudi Aramco, Bloomberg Television, Abdullah, SABIC, Bloomberg Intelligence, Rupert Neil Bumfrey, Saudi Telecom, Arqaam Capital


Most major Gulf markets gain; #Saudi index dips | Reuters

Most major Gulf markets gain; Saudi index dips | ReutersMost major stock markets ended higher on Thursday, while the Saudi index eased a day after it registered sharp gains triggered after the kingdom announced a private investment push.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 benchm...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Saudi Aramco, SABIC, Gulf Arab, Emaar Properties, Etisalat, NCB, Rupert Neil Bumfrey, Industries Qatar


Most markets rise, #Saudi extends gains on large private investment push | Reuters

Most markets rise, Saudi extends gains on large private investment push | ReutersMost major stock markets rose in early trade on Thursday, with the Saudi index extending gains from the previous session following a behemoth private investment push by the kingdom.The kingdom’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 diversificat...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Reuters, Riyadh, Aramco, Saudi Aramco, Tadawul, Mohammed bin Salman, SABIC, Gulf Arab, Qatar Islamic Bank, Emaar, Rupert Neil Bumfrey


#SaudiArabia’s crown prince looks to Aramco to lead investment plan | Financial Times

Saudi Arabia’s crown prince looks to Aramco to lead investment plan | Financial Times Crown Prince Mohammed bin Salman is banking on Saudi Arabia’s largest listed companies, including Saudi Aramco, to invest $1.3tn in the kingdom over the next decade and urging them to reduce dividends as he tries to accelerate plans to diversify the oil-dependent economy.  Prince Mohammed said more than 20 companies had agreed to be involved in his new initiative, with 60 per cent of the investment...
Tags: Travel, Saudi Arabia, Financial Times, Mohammed, Aramco, Saudi Aramco, Mohammed bin Salman, SABIC, Rupert Neil Bumfrey


MIDEAST STOCKS- #Saudi shares outperform on $1.3 trillion private investment push | Nasdaq

Saudi Arabia's stock market rose sharply on Wednesday, after the country announced a huge investment push led by Aramco and SABIC, while other major Gulf markets were mixed.The kingdom's crown prince said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.3 trillion) of investments by the local private sector by 2030 under a programme announced on Tuesday for economic diversification.This is part of 12 trillion riyals worth of investments planned by 2030, Crown Prince ...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Aramco, Mohammed bin Salman, SABIC, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, DFMGI, Emaar Properties EMAR DU, Commercial Bank COMB QA, However Aamal Company AHCS QA


Aramco’s Oil Payments to #Saudi State Slumped 30% to $110 Billion - Bloomberg

Aramco’s Oil Payments to Saudi State Slumped 30% to $110 Billion - BloombergAramco’s payments to the Saudi Arabian government fell by 30% last year, even as the company stuck with a $75 billion dividend, after the coronavirus pandemic sent crude prices tumbling.The world’s biggest oil producer transferred 413 billion riyals ($110 billion) to the state in 2020 in the form of dividends, royalties and incomes taxes, Aramco said in a financial statement on Monday. The money is a crucial source of re...
Tags: Travel, Aramco, SABIC, Rupert Neil Bumfrey


Clariant chairman to go in compromise deal with SABIC | Reuters

Clariant chairman to go in compromise deal with SABIC | Reuters Clariant Chairman Hariolf Kottmann, who hailed the arrival of Saudi Arabia’s SABIC as the chemical maker’s top shareholder three years ago, became a casualty on Monday of a deal to try to patch up relations between the two sides.The Swiss company said Kottmann would not stand for re-election in April.The 65-year-old has led Clariant for more than a decade, but Saudi Basic Industries Corporation (SABIC) has become increasingly disenc...
Tags: Travel, Saudi Arabia, Reuters, SABIC, Clariant, Rupert Neil Bumfrey, Saudi Basic Industries Corporation Sabic, Hariolf Kottmann, Kottmann, Reuters Clariant


#Saudi Chemical Giant Sabic Sees Vaccinations Boosting Income - Bloomberg

Saudi Chemical Giant Sabic Sees Vaccinations Boosting Income - Bloomberg Chemicals maker Saudi Basic Industries Corp. expects sales and earnings to increase this year after it beat analysts’ estimates by making a profit in 2020.The Riyadh-based firm, controlled by Saudi Aramco, said it sees the global rollout of coronavirus vaccines leading to a 2% to 5% gain in revenue this year. Pretax income will be “moderately higher” than in 2020, while capital expenditure will be similar, Sabic said in a r...
Tags: Travel, Bloomberg, Riyadh, Saudi Aramco, SABIC, Saudi Basic Industries Corp, Rupert Neil Bumfrey, Yousef al Benyan, Bloomberg Chemicals


SABIC sees positive Q1 though cautious over COVID-19 | Reuters

SABIC sees positive Q1 though cautious over COVID-19 | Reuters Saudi Basic Industries Corp, the world’s fourth-biggest petrochemicals firm, expects business performance to be positive in the first quarter of 2021 after an uptick in chemical prices but remains cautious given COVID-19 uncertainty, its CEO said on Sunday.Saudi Aramco’s acquisition of a 70% stake in SABIC will have a financial benefit worth $3 billion to $4 billion, Yousef al-Benyan told reporters on a virtual news conference.“There...
Tags: Travel, Reuters, SABIC, Rupert Neil Bumfrey, Yousef al Benyan, Reuters Saudi Basic Industries Corp, COVID, Sunday Saudi Aramco, Benyan


SABIC-Aramco tie-up to have benefit worth $3-4 billion - SABIC CEO | Reuters

SABIC-Aramco tie-up to have benefit worth $3-4 billion - SABIC CEO | Reuters Saudi Aramco’s acquisition of a 70% stake in Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals firm, will have a financial benefit worth $3 billion to $4 billion, SABIC’s CEO said on Sunday.SABIC’s share of that benefit will be worth between $1.5 billion and $1.8 billion, its chief executive Yousef al-Benyan said on an earnings call. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Reuters, SABIC, Rupert Neil Bumfrey, Reuters Saudi Aramco, Yousef al Benyan, Saudi Basic Industries Corp SABIC, SABIC Aramco


Most Gulf markets fall in early trade | Reuters

Most Gulf markets fall in early trade | Reuters Major stock markets in the Gulf traded lower on Sunday following Friday’s fall in global equities amid a growing battle on Wall Street between hedge funds and retail investors.Saudi Arabia’s benchmark index fell 0.4%, with National Commercial Bank and Saudi Telecom Company both losing 0.9%.The kingdom has postponed the end of a ban on travel for its citizens and the reopening of its ports from March 31 to May 17, the Saudi state news agency SPA sai...
Tags: Travel, Saudi Arabia, China, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Spa, Gulf, Reuters, Interior Ministry, Reuters Major, SABIC, Saudi Basic Industries Corp, Emaar Properties, Etisalat


#Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO - sources | Reuters

Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO - sources | Reuters Saudi Basic Industries Corp (SABIC) has hired NCB Capital to advise on a potential listing of its speciality chemicals business, an offering that could raise several hundred million dollars, three sources said.The company is also sounding out foreign banks for advisory roles and HSBC and JPMorgan are among those in the final phase of pitching for the deal, which could be launched later this year or e...
Tags: Travel, Saudi Arabia, Ipo, Hsbc, Middle East, Reuters, Aramco, Jpmorgan, SABIC, NCB, NCB Capital, Rupert Neil Bumfrey, Reuters Saudi Basic Industries Corp SABIC


M&A deals involving MENA hit $70.3bln - Refinitiv | ZAWYA MENA Edition

M&A deals involving MENA hit $70.3bln - Refinitiv | ZAWYA MENA Edition The value of announced M&A transactions with any MENA involvement reached $70.3 billion during 2020, according to global data provider Refinitiv.This makes 2020 the fourth highest annual total of all time, despite falling 47 percent in value from the record high achieved in 2019 with Saudi Aramco’s agreement to buy a stake in Saudi Basic Industries Corporation (SABIC)Aramco acquired 70 percent stake in SABIC from the Public I...


Q4 forecasts: #Saudi's SABIC to post 50% rise in net profit, Al Rajhi earnings to surge | ZAWYA MENA Edition

Q4 forecasts: Saudi's SABIC to post 50% rise in net profit, Al Rajhi earnings to surge | ZAWYA MENA Edition Petrochemicals giant Saudi Basic Industries Corporation (SABIC) is forecast to make 1.6 billion Saudi riyals ($426.5 million) in net profit for the fourth quarter of 2020, nearly 50 percent higher compared to the previous quarter, according to NCB Capital.The petrochemicals giant made a loss of 725 million riyals during the last quarter of 2019.Its affiliate, Yanbu National Petrochemical ...
Tags: Travel, Saudi Arabia, SABIC, NCB, Rupert Neil Bumfrey, Al Rajhi, Banque Saudi Fransi, Al Rajhi Bank, Saudi Basic Industries Corporation Sabic, Yanbu National Petrochemical Company Yansab


SABIC seeks Clariant chairman's ouster in post-Christmas coup | Reuters

SABIC seeks Clariant chairman's ouster in post-Christmas coup | Reuters Clariant’s biggest shareholder, Saudi Basic Industries Corporation, on Monday re-ignited a battle over the Swiss chemicals maker’s future by seeking a 12-year board member term limit that would force Chairman Hariolf Kottmann’s ouster.SABIC, which owns 31.5% of Clariant, asked for the new term limit, including for the chairperson, to be added to the agenda of the annual general meeting of shareholders scheduled for April 7.A...
Tags: Travel, Reuters, Aramco, SABIC, Clariant, Rupert Neil Bumfrey, Saudi Basic Industries Corporation, Hariolf Kottmann, Reuters Clariant, Conrad Keijzer


Israeli Shares Rise Most in Mideast While Egypt Slips: Inside EM - Bloomberg

Israeli equities climbed the most in the Middle East as dual-listed firms caught up with U.S. gains from Thursday.The country’s TA-35 benchmark rose as much as 1.7%. Stocks that are also listed in the U.S., including Azrieli Group Ltd, Bank Leumi Le-Israel BM and ICL Group Ltd, were among the biggest gainers on Sunday.Elsewhere, gauges in Saudi Arabia, Bahrain, Oman and Qatar rose, with Brent crude staying above $50 a barrel in the past two weeks.Egypt’s benchmark was the biggest loser after the...
Tags: Travel, Qatar, Bloomberg, Egypt, Middle East, Dubai, Aramco, SABIC, Eastern Co, Rupert Neil Bumfrey, Commercial International Bank, Saudi Kayan, Al Rajhi Bank, Meraas Holding LLC, DXB Entertainments, Saudi Energy


#Saudi petrochemical giant SABIC eyes $1.2mln in cash dividends | ZAWYA MENA Edition

Saudi petrochemical giant SABIC eyes $1.2mln in cash dividends | ZAWYA MENA Edition Saudi Basic Industries Corp. (SABIC), the world’s fourth-biggest petrochemical firm, is planning to hand out 4.5 million Saudi riyals ($1.2 million) in cash dividends to its shareholders.The company’s board has recommended the payout for the second half of the year, the firm said in a bourse filing on Wednesday.About three billion shares will be eligible to receive the dividend, pegged at 1.5 riyals per share. Th...
Tags: Travel, General Assembly, SABIC, Rupert Neil Bumfrey, MENA Edition Saudi Basic Industries Corp SABIC, Securities Depository Centre for Company Edaa


MIDEAST STOCKS-Most Gulf markets rise in early trade; #Dubai stocks ease | Nasdaq

MIDEAST STOCKS-Most Gulf markets rise in early trade; Dubai stocks ease | Nasdaq Most major markets in the Gulf traded higher early on Wednesday, with Saudi Basic Industries Corp (SABIC) 2010.SE supporting the Saudi index.The kingdom's benchmark index .TASI rose 0.4%, with SABIC, the world's 4th-biggest petrochemicals firm, advancing 1.2%, after it proposed a second-half dividend of 1.5 riyal per share.Meanwhile, Saudi Arabia announced a 990 billion riyal ($263.91 billion) budget for 2021 on Tue...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, SABIC, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, First Abu Dhabi Bank, Emaar Properties EMAR DU, Qatar National Bank QNBK, Etisalat ETISALAT, IHS Markit Dubai Purchasing Managers Index PMI, Aramex ARMX DU Dubai


Sabic Is Said to Consider IPO of Specialty Chemicals Business - Bloomberg

Sabic Is Said to Consider IPO of Specialty Chemicals Business - Bloomberg Saudi Basic Industries Corp. is considering an initial public offering of its multibillion-dollar specialty chemicals unit, people familiar with the matter said.Sabic is speaking with advisers as it weighs a potential listing of the business as early as 2021, the people said, asking not to be identified as the matter is private. Specialty chemicals, which Sabic recently carved out as a separate unit, generate about $2 bill...
Tags: Travel, Saudi Arabia, SABIC, Rupert Neil Bumfrey, Clariant AG, Sabic Is Said, Specialty Chemicals Business Bloomberg


#Saudi Index Drops Most Since May in Final-Hour Slump: Inside EM - Bloomberg

Saudi Index Drops Most Since May in Final-Hour Slump: Inside EM - Bloomberg Saudi Arabia’s Tadawul All Share Index fell the most in five months amid renewed concern about measures to contain the spread of coronavirus.The benchmark index retreated 4.1% to 8,154.59, the lowest level in more than seven weeks. The decline, which led losses among major benchmarks in the Middle East on Sunday, accelerated in the final hour of trading in Riyadh.Large caps Saudi Basic Industries Corp., the chemical mak...
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, Riyadh, Saudi Aramco, SABIC, Saudi Basic Industries Corp, Jabal Omar Development Co, Rupert Neil Bumfrey, Al Rajhi Bank, Bloomberg Saudi Arabia, Ekhbariya TV, Clariant AG Saudi Arabia, Mohammed Al Shemimry, Mohammed Ashemimry Financial Consultants


#Saudi index sees biggest fall since May | Reuters

Saudi index sees biggest fall since May | ReutersSaudi Arabian shares fell sharply on Sunday in a broad sell-off, while a plunge in Commercial International Bank weighed on the Egyptian index.The kingdom’s benchmark index slid 4.1%, its biggest intraday fall since May, with Saudi Basic Industries Corp (SABIC) shedding 4.5% and oil giant Saudi Aramco losing 2.3%.SABIC, the Gulf’s largest petrochemical firm, reported a net profit of 1.09 billion riyals ($290.64 million) in the third-quarter, up fr...
Tags: Travel, Saudi Arabia, Qatar, Yemen, Gulf, Reuters, Saudi Aramco, SABIC, CIB, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey, Emaar Malls, Commercial International Bank, Gulf Egypt, First Abu Dhabi Bank, Saudi Basic Industries Corp SABIC


#Saudi Chemicals Maker Sabic Posts Profit as Demand Revives - Bloomberg

Saudi Chemicals Maker Sabic Posts Profit as Demand Revives - BloombergSaudi Basic Industries Corp., the chemical maker in which Saudi Aramco holds a majority stake, returned to profit in the third quarter amid signs that demand is recovering from the impact of the coronavirus.The company, known as Sabic, said third-quarter profit was 1.09 billion riyals ($290 million) compared with 740 million riyals in the same period last year. Profit rose mainly due to the reversal of 690 million riyals of im...
Tags: Travel, Bloomberg, Saudi Aramco, SABIC, Rupert Neil Bumfrey, Clariant AG, Yousef al Benyan, Saudi Chemicals Maker Sabic Posts Profit, BloombergSaudi Basic Industries Corp


#Saudi slips in early trade; #Dubai edges up | Reuters

Saudi slips in early trade; Dubai edges up | ReutersSaudi Arabia’s stock market fell early on Sunday, hurt by financials and petrochemical shares, while gains in top lender Emirates NBD supported the Dubai index.The Saudi benchmark index .TASI declined 0.6%, with the country's largest lender National Commercial Bank 1180.SE dropping 1.2% and Saudi Basic Industries Corp (SABIC) 2010.SE losing 0.7%.SABIC, the Gulf’s largest petrochemical firm, reported a net profit of 1.09 billion riyals ($290.64 ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Gulf, Jizan, Reuters, Emirates NBD, SABIC, Saudi Basic Industries Corp, Abha, Qatar Islamic Bank, Tasi


#UAE stocks gain, while major Gulf markets fall | Reuters

UAE stocks gain, while major Gulf markets fall | Reuters:  The stock markets in the United Arab Emirates (UAE) closed higher, boosted by real estate and banking shares, defying the fall in other Gulf markets.  Dubai's index .DFMGI advanced 1.3%, with Dubai Islamic Bank DIBDISB.DU gaining 1.7% and Emaar Properties EMAR.DU adding 1.9%.  On Sunday, Dubai Financial Market DFM.DU introduced equity futures trading platform, which included the lender Dubai Islamic Bank and Emaar Properties among stoc...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Saudi Aramco, Etihad Airways, SABIC, United Arab Emirates UAE, Emaar Properties, Emaar, Tasi, Rupert Neil Bumfrey


MIDEAST STOCKS-Major Gulf stocks track global rally on hopes of virus vaccine by year end | Nasdaq

MIDEAST STOCKS-Major Gulf stocks track global rally on hopes of virus vaccine by year end | Nasdaq:  Major Gulf stock markets rose in early trade on Monday, tracking a rally in their global peers triggered by expectations of a coronavirus vaccine by the end of this year.  Drugmaker Pfizer Inc PFE.N said on Friday it could have a coronavirus vaccine ready in the United States by the end of this year.  Saudi Arabia's benchmark index .TASI rose 0.2%. Saudi Basic Industries (SABIC) 2010.SE increas...
Tags: Travel, Saudi Arabia, Qatar, United States, Dubai, Abu Dhabi, Gulf, Saudi Aramco, SABIC, Tasi, Rupert Neil Bumfrey, QSI, Saudi Basic Industries SABIC, Yansab, Pfizer Inc PFE N, Major Gulf


Aramco, Sabic to Reassess $20 Billion Crude-to-Chemicals Project - Bloomberg

Aramco, Sabic to Reassess $20 Billion Crude-to-Chemicals Project - Bloomberg:  Saudi Aramco and Saudi Basic Industries Corp. will re-evaluate the scope of a planned crude-to-chemicals project in the kingdom as they seek to reduce spending amid a slump in prices for their products.  The two companies have decided to reassess the Yanbu project on the Red Sea coast -- which was expected to cost as much as $20 billion -- to incorporate existing facilities instead of building an entirely new one, Sa...
Tags: Travel, Saudi Arabia, Bloomberg, Aramco, Saudi Aramco, Red Sea, SABIC, Saudi Basic Industries Corp, Yanbu, Rupert Neil Bumfrey, Aramco Sabic, Chemicals Project Bloomberg



Filters
show more filters
February - 2021
MoTuWeThFrSaSu
1234567
891011121314
15161718192021
22232425262728
March - 2021
MoTuWeThFrSaSu
1234567
891011121314
15161718192021
22232425262728
293031    
April - 2021
MoTuWeThFrSaSu
   1234
567891011
12131415161718
19202122232425
2627282930