Volatility offers lesson for Sabic
- Published: 25 January 2008 17:17
- Author:Victoria Robson | More by this Author
- Last Updated: 25 January 2008 17:17
Saudi Basic Industries Corporation (Sabic), the largest listed company in Saudi Arabia, is suffering. Even record profits of $7.2bn in 2007 could not match analysts' expectations. Since the results were released on 19 January, the Sabic share price has fallen by 26 per cent.
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