23 Hrs
Source:
الاقتصادية
SABIC's NPK Profits Drop 64Percent
Sabic Agricultural Nutrients' net profits declined by 64% in the second quarter of 2026, amounting to 379 million SAR compared to 1 billion SAR in the same period of the previous year. This was due to a decrease in sales volumes resulting from supply chain challenges and lower earnings from affiliates and joint ventures, despite higher selling prices for most products. The company's revenues also fell by 27% to 2.4 billion SAR. Nevertheless, the company's profits grew by 24.6% in the first quarter, with expectations of improved urea demand in the third quarter. The General Assembly decided to merge IBN Al Bithar Company into the company to provide greater stability in the fertilizer market.
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