*The company reported losses totaling SAR 1.9 billion. Of this, SAR 1.15 billion was attributed to provisions for demolition and restructuring. Additionally, the value of polymer assets in the petrochemical sector in Europe and the Americas declined by SAR 686 million. Other factors contributing to the losses included a SAR 328 million decrease in value resulting from the suspension of the Cartagena complex production line, a SAR 377 million write-off related to a canceled initiative, and a SAR 391 million reduction in asset value. The company also recorded a reversal of deferred income tax amounting to SAR 1.02 billion.
Key events likely to impact Saudi petchems in Q4 2024
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