SABIC’s net profit for the first nine months of this year was 18.3 billion Saudi riyals

Media In / Riyadh October 29,

Saudi Basic Industries Corporation (SABIC) posted a net profit of SR18.3 billion in the first nine months of 2018 compared to SAR14.73 billion in the same period last year, an increase of 24.236%. In 2018 compared to 37.44 billion riyals in the same period of 2017, up 20.058%.
Operating profit for the first nine months increased to SR 29.73 billion compared to SR 22.42 billion for the same period last year, an increase of 32.604%. Total sales during the current period increased to SR 128.86 billion compared to SAR 109.44 billion for the same period last year. An increase of 17.744%.
SABIC has improved its ranking and ranked third in the list of the world’s most powerful chemical companies in 2018. SABIC is the world’s preferred chemical supplier by 2025. The establishment of a new company to support local content and small and medium enterprises That it would be officially announced soon