SABIC shares rose 3% in early trading on Sunday after the company reported better-than-expected quarterly earnings.
The company's profits rose by 16.3% in the third quarter on an annual basis to 500 million riyals, compared to expectations of 238.3 million riyals.
High product prices and improved investment results support profits despite the decline in revenues.
SABIC expects capital expenditures between 3 and 3.3 billion dollars during 2026.