Saudi Basic Industries Corp. (SABIC) is not planning to raise new debt, but refinancing is “more likely”, chief executive, Yousef Al-Benyan, said on Tuesday.

 

Al-Benyan was speaking at a press conference a day after the petrochemical maker reported an 80 percent year-on-year jump in net profit to SAR 5.24 billion in the first quarter of 2017.

 

The giant petrochemical producer is very optimistic about the current year despite global economic challenges, Al-Benyan added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

SABIC’s Q1 net profit jumps 80% on higher prices

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request