72 Days
Source:
الاقتصادية
Sabic Finishes Plastics Divestment
Saudi Aramco announced that it has completed its divestment from the engineering thermoplastic business in the Americas and Europe after selling it to Motars S.E. & Co. for $450 million. Through this step, the company aims to optimize its asset portfolio, reduce losses, and increase return on capital to enhance sustainable profitability and long-term growth. The divested businesses recorded operating losses of approximately 1.9 billion riyals in 2025 and 648 million riyals in the first half of 2026. The sale has contributed to improving the profit margin before interest and taxes by about 130 to 140 basis points, with the company committed to providing services to its global customers using its technical and innovative capabilities.
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