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Qatar
Al Jazeera
National & Local
Saudi SABIC Records $6.9 Billion Loss in 2025
Saudi SABIC has reported a net loss of approximately $6.9 billion for the year 2025 due to asset devaluation and losses from the liquidation of its units in Europe and the Americas.
Mar 4 • 07:33 UTC
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Qatar
Al Jazeera
National & Local
SABIC sells its operations in Europe and the Americas for $950 million
Saudi Basic Industries Corporation (SABIC) has agreed to sell 100% of its shares in SABIC Europe and its entire stake in the thermoplastic engineering segment in the Americas and Europe for a total of $950 million amid a restructuring process due to sluggish sector performance.
Jan 8 • 18:59 UTC