Sabic sees benefits from restructuring, plans to isolate steel business. Overall Saudi petchems results hit by lower selling prices and slower global market growth.

Saudi Arabia’s 14 stock-exchange listed petrochemicals firms saw net profits fall in the third quarter of 2016, by 0.1% from 3Q15 and by 2% from 2Q16. Combined net profit for the first three quarters was down 9.7% compared with the same period in 2015, because of lower market prices for most products – many linked to...