Economy Country February 26, 2025

SABIC to Achieve Profits Estimated at 1.54 Billion Riyals in 2024

The Saudi Basic Industries Corporation "SABIC" announced that it will achieve profits amounting to 1.54 billion riyals for the year 2024, reflecting its ongoing success in the market.


SABIC to Achieve Profits Estimated at 1.54 Billion Riyals in 2024

The Saudi company Saudi Basic Industries Corporation (SABIC) reported a net profit of 1.54 billion riyals for 2024. According to the company representative, this result is an indicator of sustainable growth and the successful operations of SABIC. Furthermore, within the framework of the strategic plan, the company continues to invest in various projects, developing its infrastructure and strengthening its market position.

"We are proud of our achieved results and confident that with our efforts and investments, we can continue the path to long-term success," the SABIC representative noted.

Thanks to the diversification of the production portfolio and strategic investments, the company was able to achieve stable financial performance and indicators despite the complexity of the global economic environment.