The shutdown, which will start on Wednesday, will boost efficiency and production, Sipchem said in a bourse filing.
The firm took extra provisions of SAR207 million for bad debts, slow-moving inventory and goodwill impairments on its investments.
The retail portion comprises 15 per cent of its stock, amounting to 300 million shares.
The Kindgom is expected to raise the December prices for most of the crude grades it sells to Asia.
The total value of Saudi oil aid since July 2013 has amounted to about $5 billion.
The Islamic investment firm will also distribute its Luxembourg fund range via two European investment firms.
NCB is offering 300 million shares to Saudi individuals and 200 million shares to the state-run Public Pension Agency.
Survey finds 47 per cent of fund managers intend to raise their overall equity allocation to the Middle East in the next three months.
The recent surge in cases, now numbering 32 since the start of October, has been focused in Riyadh and the western city of Taif, authorities said.
The suspension was requested because its audit committee was meeting to consider “significant matters relating to its financial statements”, a statement said.
Kingdom made a net profit of SAR265 million ($70.6 million) in the three months ended Sept. 30, compared to SAR219.9 million in the same period a year earlier.
Jadawel International, a unit of London-based MBI International Holdings Inc., claims Barclays “hatched a fraudulent scheme” to secure the rare Saudi banking license, selling out Jadawel in the process.
Yanbu Aramco Sinopec Refining Co (Yasref) refinery started trial runs in September and originally planned its first exports by November.
Consumers are mainly upbeat about future job prospects, the Nielson survey found.
The airline’s chief executive said that flynas would now focus on expanding its short-haul services, and might look at a different model for long-haul flights at a later date.
Last Wedesday, the riyal tumbled unusually far beyond its peg of 3.75 against the U.S. dollar in the spot market, to as low as 3.7530.
Zain Saudi made a net loss of SAR316 million ($84.23 million) in the three months to Sept. 30.
The Health Ministry has announced a total of 23 confirmed new cases this month of the virus.
The company made a net profit of SAR89.9 million ($24.0 million) in the three months to Sept. 30.
The three lawyers were convicted of prejudicing public order through tweets which contained opinions against the ruler, and expressed contempt for the judiciary, SPA reported.
The company made a net profit of SAR3.37 billion ($898 million) in the three months to Sept. 30.
Wasit will be one of the largest gas plants not linked to oil wells ever built by Saudi Aramco.
Tasnee made a net profit of SAR243.7 million ($65 million) in the three months ending Sept. 30, up from SAR226.4 million a year ago.
The company made SAR2.67 billion during the third quarter, compared to SAR2.85 billion during the same period of the previous year
SABIC chief executive Mohamed al-Mady said that population growth will push up consumption and oil prices.
SABIC, which is 70 per cent state-owned, attributed the fall in profits to a drop in sales and other income, although its cost of financing was lower.
Security sources said that at least four men threw crude fire bombs also known as Molotov cocktails at the cars, which were parked.
Saudi Arabia beheaded 26 people in August, more than in the first seven months of the year combined.
The announcement comes ahead of the anniversary on Oct. 26 of a demonstration last year in which dozens of Saudi women said they had taken to the road in protest at the ban on female drivers.
UAE and KSA responses to the International Tablet Survey suggest a stark contrast in the perceived value of tablets compared to other nations.