Saudi Arabia’s 14 exchange-listed petrochemicals producers have almost all reported declines in profits in 2015, citing lower prices for their products, whose pricing formulas link them to crude oil. Total profit for the companies was SR21.25bn ($5.67bn), which was 37.9% lower than the SR34.25bn for 2014.
The total value of the 14 companies, measured in terms of market capitalization, fell by 20.5% between end-2014 and end-2015. The decline follows the slide in crude oil...
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