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Farabi inaugurates USD 950 mn petrochem plant in Yanbu
The facility expands Farabi’s annual LAB capacity by 120k tons
Shard Capital, Alqahtani Holding ink framework agreement for USD 7 bn petrochemical complex
The project will be private sector led and private sector funded
Three Saudi companies join MSCI Small Cap Index
ALSO: DFM-listed Emaar Development was added to the MSCI Emerging Markets Index
New petroleum law requires companies, exporters to obtain license
The new law enforces strict penalties, including fines up to SAR 30 mn and prison time
KSA + Philippines ink energy MoU on energy
PLUS: Petro Rabigh and China’s Jiahua Chemicals mull new petrochem facility in Rabigh
Aramco reportedly scraps plans for Ras Al Khair refining and chemical plant
The oil giant is gearing its downstream operations towards Asia
Sabic to boost its footprint in China with new advanced plastics facility
New plant to produce materials for electronics, automotive, and 5g sectors.
Alujain finalizes SAR 1.9 bn sale of 35% stake in NATPET
Alujain will pay down debt and make new investments
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