SABIC Agri-Nutrients awarded USD 3.46 billion as SABIC stock sits below its yearly high

SABIC Agri-Nutrients had awarded a USD 3.46 billion engineering, procurement and construction contract for an ammonia and urea complex, as Arab News reported on September 10, 2026. The project would lift SABIC stock's operating platform even as the Tadawul quote stood at SAR 45.90 on October 8, 2026, 26.56 percent below its SAR 62.50 52-week high.

Three dated milestones and figures

On April 30, 2026, SABIC reported first-quarter net profit of SAR 13.20 million, according to Argaam. On July 29, 2026, the company recommended an interim dividend of SAR 1.10 per share, also listed by Argaam.

On September 10, 2026, the fertilizer subsidiary's contract became the latest dated operating milestone. Arab News said the complex would include 1.20 million tonnes of annual ammonia capacity and two urea plants with combined capacity of 2.60 million tonnes.

What does the expansion add?

The key operating comparison is the planned increase in urea capacity from 4.80 million to 7.40 million tonnes per year. That is a 54.00 percent rise, while commissioning is expected in the third quarter of 2030 and commercial production in the fourth quarter, according to Arab News.

The expansion arrives against weaker recent earnings. Argaam lists an SAR 820.00 million loss for the first half of 2026 and an SAR 833.00 million second-quarter loss. For investors, the contrast is clear: the project adds long-term capacity while the latest reported period remains loss-making.

Next date for SABIC stock

Saudi Basic Industries Corporation is scheduled to report third-quarter 2026 results on October 26, 2026, according to Simply Wall St. That release should show whether quarterly profitability improved from the SAR 833.00 million second-quarter loss.

Trading level and market value

On Tadawul, ticker 2010.SR was last at SAR 45.90 on October 8, 2026 at 2:08 p.m. AST. The quote was inside the SAR 45.70 to SAR 62.50 52-week range, while market value stood at SAR 137.7 billion on the same date.

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