The 14 petrochemicals companies traded on the Saudi stock Exchange (Tadawul) reported combined net profits of SR10.79bn ($2.88bn) for the second quarter of 2018, with some of the boost attributable to strong oil prices.
State-led giant Sabic disclosed a second quarter net profit of SR6.7bn ($1.79bn), up 81% on Q2 2017, while the combined quarterly profits of the other smaller firms topped $1bn for the first time (see chart). (CONTINUED - 1153 WORDS)
