Sahara Petrochemical’s polypropylene plant shutdown

Tue, 19 July 2011 | Subj: Press-releses

Sahara Petrochemical Co. (SPC) headed for the biggest drop in more than two months after the manufacturer of chemicals said the polypropylene plant of its unit Al Waha Petrochemicals stopped production due to a technical fault.

The shares dropped 3.1 percent, poised for the biggest decline since May 7, to 25.30 riyals at 11:57 a.m. in Riyadh. Saudi Arabia’s benchmark Tadawul All Share Index (SASEIDX) fell 0.5 percent.

Source: Bloomberg

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