Sabic company flag. Image: Sabic website
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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.
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