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SABIC cuts capital expenditure after Q1 losses
Saudi Basic Industries Corporation suspended most of its capital expenditure after recording losses of SR950 million ($203.9 million) in the first quarter, its CEO said Monday, amid a slump in oil prices and the emergence of the global COVID-19 crisis. SABIC, which is the Middle East’s biggest petrochemical company, recorded…
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Click here to read the full story: Arab News