THIS SITE USES COOKIES

This website uses first and third party cookies (and equivalent technologies) to improve your experience on our site. Necessary cookies ensure that this site functions properly. We also use cookies to analyze how our site performs, understand your preferences and deliver tailored commercial content on this and other sites. For more information about which cookies we use, the information collected and SABIC’s purposes, please see our Cookie Notice. By clicking ‘Accept Cookies’ you agree to the use of such cookies. Alternatively you can manage which cookies are placed on your device by selecting Manage Cookies

SABIC net income for 2020 was SAR 67 million compared to SAR 5,198 million in 2019. The decrease was mainly attributed to the decline in margins by 54% despite the increase in sales volume by 1%.

Share of results of associates and joint ventures for 2020 was SAR 66 million compared to a loss of SAR 1,595 million in 2019. This was primarily due to recording an impairment provision for Clariant during 2019 of SAR 1,515 million.

Finance costs, for 2020 were SAR 1,292 million, an increase of SAR 131 million or 11%, compared to 2019.

Other Income (Expense) for 2020 was SAR (71) million compared to SAR 431 million in 2019. The decrease is mainly due to higher donation expenses and certain restructuring provisions.

Zakat expenses for 2020 were SAR 1,683 million, which is SAR 285 million lower than 2019.

Income tax expenses for 2020 were SAR 338 million, a decrease of SAR 315 million or 48% compared to 2019. The decrease in Income tax is primarily due to a deferred tax benefits on assets impairments.

Net Income for the year (Billion)

Compare up to 4 grades

You already have 4 products for comparison

比较项目