SABIC incurs losses of 4.07 billion riyals in the second quarter of 2025

The Saudi Basic Industries Company “SABIC” turned to lose in the second quarter of 2025 with 4.07 billion riyals, compared to profits of 2.18 billion riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, this is mainly due to:
• Registration of allocations and a decrease in the value of assets in the amount of 3.78 billion riyals related to the closure of the cracking unit at the Tiside factory in the United Kingdom in the current quarter.
This procedure comes in line with the company’s review of the business portfolio in order to reduce costs and improve profitability.
• A decrease in the results from non -complementary projects and colleague companies in the amount of 1.02 billion riyals, and this is mainly due to a decrease in the value of some financial assets in Europe.
• An increase in the cost of financial derivatives for property rights at an amount of 517 million riyals as a result of re -evaluation.
• Registering a zakat expense in the amount of 284 million riyals in the current quarter in exchange for non -cash gains at an amount of 545 million riyals in the second quarter of the year 2024.
The net loss for the current quarter was 4.07 billion riyals, compared to a net loss of 1.21 billion riyals in the previous quarter, mainly due to:
• Registration of allocations and a decrease in the value of assets in the amount of 3.78 billion riyals related to the closure of the cracking unit at the Tiside factory in the United Kingdom in the current quarter.
This procedure comes in line with the company’s review of the business portfolio in order to reduce costs and improve profitability.
• A decrease in the results from non -complementary projects and colleague companies in the amount of 838 million riyals, and this is mainly due to a decrease in the value of some financial assets in Europe.
• A rise in the cost of financial derivatives for property rights at 455 million riyals as a result of re -evaluation.
The net loss of 5.28 billion riyals for the current period of the year 2025 AD compared to a net profit of 2.43 billion riyals for the same period of the year 2024 AD. This is mainly due to:
• Registration of allocations and a decrease in the value of assets in the amount of 3.78 billion riyals related to the closure of the cracking unit at the Tiside factory in the United Kingdom in the current quarter.
This procedure comes in line with the company’s review of the business portfolio in order to reduce costs and improve profitability.
• Record incomplete costs related to a strategic initiative to restructure in the previous quarter in the amount of 1.07 billion riyals.
• A decrease in the results from common non -complementary projects and colleague companies in the amount of 1.07 billion riyals, and this is mainly due to a decrease in the value of some financial assets in Europe.
• Registering the zakat expenses of 694 million riyals in the current period, compared to non -cash gains in the amount of 214 million riyals, the same period in the previous year.

Distribution of profits

Last Thursday, the Board of Directors of the Saudi Basic Industries Company (SABIC) decided to distribute phased cash dividends to shareholders for the first half of 2025 AD.
The total amount distributed is estimated at 4.5 billion riyals, while the number of shares due for profits is 3 billion shares.
The share share of the distribution is 1.50 riyals, while the distribution rate to the nominal share value is 15%.
The date of the right will be: 1447-02-25 corresponding to 2025-08-19, while the distribution date will be: 03-17-17 corresponding to 2025-09-09.