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Saudi Arabia’s SABIC reports 84% surge in net profit to $564m
Petrochemical giant Saudi Basic Industries Corp. saw an 84 percent year-on-year surge in net profit to SR2.18 billion ($564 million) in the second quarter of 2024, driven by higher margins and new zakat regulations. In a Tadawul statement, the company reported a 32 percent increase in gross profit to SR7.19…
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Click here to read the full story: Arab News