Sabic's Q2 Losses Rise to 592M Riyals
The losses of Sep extending company "Sipchem" International for Petrochemicals increased by 249.82% in the second quarter of 2026, reaching approximately 592 million riyals, compared to 169.2 million riyals in the same quarter of the previous year. This was due to a decline in sales volumes, rising feedstock prices, and losses from investments in joint ventures and associates. Revenues also decreased by 54.84% to 860.9 million riyals. The results indicate that supply chain challenges and higher material costs led to a deterioration in profit margins, with net losses amounting to 807.2 million riyals for the six months, compared to a profit of 26.1 million riyals in the same period of 2025.
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