SABIC to disclose Q3 2023 financials on Nov. 2

29/10/2023 Argaam
Logo ofSaudi Basic Industries Corp. (SABIC)

Logo of Saudi Basic Industries Corp. (SABIC)

Saudi Basic Industries Corp. (SABIC) will hold a press conference on Nov. 2, at 10:00 am, to announce its Q3 2023 financial results.

 

The major petrochemical producer is expected to incur a net loss of SAR 237.53 million in the three-month period, against a net profit of SAR 1.84 billion in Q3 2022, based on median consensus estimates compiled by Argaam.

 

SABIC’s first-half net profit plunged 87% to SAR 1.8 billion from SAR 14.4 billion in H1 2022, according to Argaam data.

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