Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Mohamed Al Mady, SABIC's Vice Chairman and Managing Director said that the higher profits were due to the remarkable improvement of sale prices and increased sales volumes. Ammonia price per ton registered a 56 per cent rise and urea price per ton rose by around 38 per cent. Meanwhile, the Company increased its output by 2 per cent and sales increased by 24 per cent compared with the previous period.
Al-Mady added that to further strengthen the Shareholders' equity, the Board of Directors has approved the SAFCO expansion project (4) which will increase output by one million tons of ammonia and 1,100,000 tons of urea. This is hoped to come on stream in early 2006, and will further enhance SAFCO's competitiveness on the international markets.
Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
Move aims to deepen multi-sectoral cooperation
Brands in the UAE and the region have been advised to create the right awareness schemes that they’re deemed neutral
This continuous rise in investment is attributed to an emerging trend of financialisation of savings
The UAE registered trademarks totalling 4,610 in Q1
One of the driving forces behind the growth is the adventurous spirit of millennials and Gen Z
Figure reflects the emirate’s growing appeal as a preferred investment hub for innovative technology companies