SABIC stock hits 7-year high

Web Desk BOL News

18th Oct, 2021. 10:50 am

Sabic company flag. Image: Sabic website

RIYADH: Saudi Basic Industries Corporation (SABIC) recorded its highest price since September 2014, at SR134.60, Arab News reported.

The stock is currently trading up just under 1 per cent, with trading exceeding 500,000 shares so far. The rise has pushed the stock up a staggering 120 per cent since March 2020.

The Saudi company operates in the petrochemical, fertiliser, iron, steel and aluminum industries with Saudi Aramco the largest investor, with a share of 70 per cent.