Three Tadawul exchange-traded subsidiaries of Saudi petchems colossus Sabic have reported Q3 2020 results showing a quarter-on-quarter improvement.
Fertilizers manufacturer Safco, in which Sabic holds 42.99%, was the most profitable. Polyolefins manufacturers Yansab and Saudi Kayan, in which Sabic holds 51.95% and 35% respectively, also saw an improvement, although Saudi Kayan continued its recent loss-making run (see chart). The Q3 improvement is thanks to an increase in both sales quantities and prices, the firms say. (CONTINUED - 216 WORDS)