Saudi Arabia’s Sabic Suspends All But Essential Spending
- Date: 04-May-2020
- Source: Bloomberg
- Sector:Industrial
- Country:Saudi Arabia
Saudi Arabia’s Sabic Suspends All But Essential Spending
First-quarter sales dropped 18% to 30.83 billion riyals.. The Riyadh-based company reported a profit of 3.41 billion riyals in the same quarter of 2019.. Shares in the Saudi company are down almost 27% this year.. Bad Start to May Is a Sign of Things to Come for Markets.