Saudi Arabia’s Sabic Suspends All But Essential Spending

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.