#Sabic

Sabic Achieves Profitability in Q3 Amidst Revenue Growth and Regional Challenges

Saudi Basic Industries Corporation (Sabic) has returned to profitability in the third quarter, reporting a net profit of 500 million Saudi riyals, driven by increased revenue and improved operating performance despite regional conflicts. The company also advanced its strategic objectives, including portfolio optimisation and the sale of its engineering thermoplastics business.