SABIC Returns to Profitability in Q3 as Revenues and Earnings Improved
The Saudi Basic Industries Corporation (SABIC) returned to profitability in the third quarter of 2026, reporting a net profit of $133 million (SAR 499 million), compared to $116 million (SAR 434 million) in the same period last year. The improvement was driven by higher selling prices for its products and stronger results from investments in affiliates and joint ventures, despite ongoing geopolitical challenges and pressure on supply chains.
