According to the results of the company for the Saudi market (Tadawul) today, last year’s profits amounted to 5.56 billion riyals, compared to profits of 21.52 billion riyals in 2018.

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The company said in the statement that the decline in profits is due to a decrease in the average selling prices of products in addition to a provision for a decrease in the value of the machines and equipment of Ibn Rushd Company, amounting to SR 2.8 billion, amounting to a share SABIC has 1.3 billion riyals, and the investment in Clariant AG is worth 1.5 billion riyals.

SABIC sales fell last year by 17.4% to 139.74 billion riyals, compared to 169.13 billion riyals in sales of the previous year directly.