UPDATE 1-Saudi’s SABIC optimistic on growth potential; mulling investments overseas | Reuters:
Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, is evaluating investment opportunities in Africa, China and the United States, underpinned by a positive global economic outlook, its chief executive said on Sunday.
The petrochemical giant reported earlier on Sunday a 5.4 percent rise in third-quarter net profit citing higher average selling prices and increase in sale volumes.
Yousef al-Benyan told reporters at a press conference that he hoped the next quarter would be positive.
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