According to information provided by the Saudi Basic Industries Corporation (SABIC), it reported a net loss of 1.21 billion Saudi Riyals (323 million US dollars) for the first quarter of 2025.
During the financial period, SABIC faced financial difficulties, which led to the losses. The company estimated damage in substantial amounts, citing specific figures. It is important to note that this information has become the subject of attention for economic analysts and investors who may analyze the situation and its potential impact on the market. Experts can provide an assessment of the current situation and outline forecasts regarding the company's future steps.
"We are actively working on exiting the complicated situation and planning to conduct a series of measures for the restoration of the company's financial position," noted representatives of SABIC. Such a statement from the company representatives suggests that SABIC is considering possible actions aimed at correcting the situation and preventing further losses.
