Saudi Arabia has a burgeoning petrochemicals industry comprised of multiple private firms as well as the state-giants Saudi Aramco and Sabic. After enjoying a bumper year of earnings in 2021, petrochemical firms were back to enduring headwinds in 2022 amid slowing global economic activity. The sector is often a barometer of the global economy, and suffered accordingly.
The first to have released Q4 results is SIIG, a joint stock company which has stakes in multiple facilities in the kingdom. (CONTINUED - 393 WORDS)