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.
Saudi produced 9.70 million barrels of crude oil per day in September, but its supply to the market fell to 9.36 million bpd during the month.
Major infrastructure projects planned in Saudi will require raising annual capital expenditure above the levels of SAR150 to SAR250 million seen in past years, Khodari said.
SABIC and Shell first announced plans to explore an expansion of their petrochemical plant in 2012.
The firm is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy.
Al Tayyar said quarterly sales rose 22 per cent year-on-year.
Under the contract, the first phase of an expansion of the master gas system, SEPCO will install two booster gas compressor stations.
The official Saudi news agency said that 13 men had exploited Saudi territory to form a terrorist cell seeking to carry out a terrorist operation against American forces in Qatar and Kuwait.
Saudi Arabia’s largest listed developer plans to spend over SAR1 billion on projects in 2015.
Funds raised from the issue would be used for general business purposes, the company said.
NCB, which is currently undertaking the largest ever IPO in the GCC, made $498.4 million in the three months to September 30.
The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.
The company made a net profit of SAR232 million ($61.8 million) in the third quarter, up from SAR229 million in the corresponding period of 2013, according to a bourse filing.
The bank said it made a profit of SAR1.28 billion ($341.2 million) in the three months to Sept. 30, up from SAR1.17 billion in the same period a year earlier.
Crude output from their jointly-run offshore Khafji oilfield has been halted temporarily to comply with environmental rules.
King Abdulaziz International Airport in Jeddah was rated the world’s second worst airport by a travel website based on an online poll.
Each of the three big IPOs currently in Saudi Fransi’s pipeline is larger than SAR1 billion ($267 million), the company’s chief executive said.
Saudi International Petrochemical Co reported a 13.3 per cent drop in third-quarter net profit.
Muhammed Abd Al Rahman Awn Al-Shamrani, 39, should stay at the prison because he remains a security threat, the Periodic Review Board said.
The deal will allow Rezidor to develop new Radisson Blu and Park Inn hotels in markets such as Riyadh, Dammam, Jeddah, Makkah and Medina.
State-owned National Commercial Bank, which has about $116 billion of assets, currently has a mixed business.
The world’s top oil exporter exported 6.663 million barrels per day in August, down from 6.989 million bpd in July.
The company made a net profit of SAR303.74 million ($81.0 million) in the third quarter, up from SAR282.08 million in the year-earlier period.