BRIEF-Sabic Receives Official Notification Of Increase In Feedstock Prices

+1.50%

SABIC

2010.SA

67.80

+1.50%

Jan 2 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION SJSC 2010.SE:

ANNOUNCES THAT ITS KSA AFFILIATES HAVE RECEIVED OFFICIAL NOTIFICATION TO INCREASE FEEDSTOCK PRICES
FINANCIAL IMPACT OF FEEDSTOCK PRICES IS ESTIMATED AT INCREASE EQUIVALENT TO APPROX 1% OF ANNUAL COST OF SALES OF 2023

Source text: ID:nSSE8Xl6CR

Further company coverage: 2010.SE

((Reuters.Briefs@thomsonreuters.com;))

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.