Live Breaking News & Updates on Saudi Kayan|Page 4
Stay updated with breaking news from Saudi kayan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
RIYADH: Saudi Kayan Petrochemical Co.’s profit was dragged down by lower demand during the first quarter, the firm’s chairman, Ahmed Al-Shaikh, told Argaam. Riyadh-listed Kayan saw its net profit plunge by 57.5 percent to SR209 million ($55.7 million), down from SR493 million for the same period last year. Al-Shaikh attributed the profit decline to a number of challenges, ....
RIYADH: Saudi Kayan Petrochemical Co. has seen its 2021 earnings turn into profits of SR2.39 billion ($640 million), buoyed by higher selling prices and sector-wide growth. As the economic situation improved globally, the homegrown firm managed to erase losses of SR785 million from a year earlier, according to a bourse filing. Revenues soared over 58 percent in 2021, and ....
RIYADH: The Saudi stock market ended the session on Sunday, down 4.5 percent or 512 points, to close at 10,788 points. Some 233.1 million shares changed hands in 407,000 deals, with heavy trading in Al Rajhi bank, Alinma Bank, SABIC. Today’s decline is the largest in percentage terms and points since May 2020, when the market fell by 7.4 percent and 527 points. On Friday, ....