Saudi Basic Industries Corp. Reports Third-Quarter Financial Results

Saudi Basic Industries Corp. (SABIC) reported third-quarter 2026 net profit of 499 million riyals ($133 million), up from 434 million riyals a year earlier, while revenue fell to 28.17 billion riyals from 29.08 billion. Profit growth reflected higher average selling prices and a 1.62 billion-riyal improvement in results from associates and joint ventures, including reversal of an impairment on its Clariant investment. These gains were partly offset by a 916 million-riyal increase in selling and distribution expenses, which SABIC attributed to supply-chain disruptions and shipping tensions around the Strait of Hormuz.