RIYADH: Saudi Basic Industries Corp (SABIC) sales dropped to 34.03 billion riyals ($9.07 billion) in the fourth quarter of last year from 34.16 billion riyals a year earlier, chief executive Yousef al-Benyan said.
Benyan speaking at a news conference on the petrochemical giant’s earnings also said he expected business in 2017 to be positive compared to last year.
He added that the United States and China look positive and while there is uncertainty in Europe because of Britain’s decision to leave the European Union, conditions on that continent should be similar to 2016.
