January 28, 2018 / 7:44 AM / 9 months ago

BRIEF-SABIC CEO says at this point not considering raising debt

Jan 28 (Reuters) - Saudi Basic Industries Corp :

* SAUDI’S SABIC CEO SAYS SABIC HAS THE ABILITY TO SELF FINANCE CLARIANT DEAL

* SAUDI’S SABIC CEO SAYS OUT LOCAL AND INTERNATIONAL INVESTMENTS WILL BOOST OUR LONG-TERM POSITION

* SAUDI’S SABIC CEO SAYS WE EXPECT 2018 COST CUTTING TO BE SIMILAR TO 2017

* SAUDI’S SABIC CEO SAYS WE EXPECT 2018 COST CUTTING TO BE BETWEEN 5 TO 7 PERCENT

* SAUDI’S SABIC CEO SAYS AT THIS POINT WE DON’T HAVE ANY OPTIONS TO RAISE DEBT, BUT WE WILL LOOK INTO IT IN FUTURE AS NEEDED

* SAUDI’S SABIC CEO SAYS IBN ROSHD HAS BEEN TRANSFORMED INTO A LIMITED LIABILITY COMPANY, RESTRUCTURING HELPED CUT ITS LOSS TO 30 MILLION IN 2017 Source text for Eikon: Further company coverage: (Reporting by Marwa Rashad; Editing by Saeed Azhar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below