Earnings Report /
Saudi Arabia

SABIC: Strong sales offset by high feedstock cost and opex

  • Revenues stood at SAR43.7bn in Q3 21, up 49.2% yoy (+3.0% qoq) and are the highest quarterly revenue since Q3 18

  • Petrochemicals segment revenue was SAR37.86bn, up 4% qoq and was marginally higher than our estimates of SAR35.7bn

  • Gross profit was SAR12.48bn, up 91.4% yoy (-9.5% qoq) and was in-line with our estimates

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
28 October 2021
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