SABIC’s Bold Portfolio Move Sparks a Stronger Future

A Strategic Step Toward Growth

The Saudi Basic Industries Corporation (SABIC) completed yesterday, August 3, 2026, the divestment of its Engineering Thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co for an enterprise value of $450 million.

Meanwhile, Dr. Faisal M. Alfaqeer, SABIC’s CEO and Executive Board Member, said the transaction strengthens portfolio optimization, supports sustainable profitability, and maximizes shareholder returns through sharper strategic focus.

Building Long-Term Value

Furthermore, the completion of the divestment improves profitability by exiting underperforming assets, reducing losses, enhancing ROCE, and boosting EBITDA margins by approximately 130–140 basis points.

Additionally, SABIC continues serving global customers through innovation while successfully completing the transaction announced on January 8, 2026, after meeting all regulatory approvals and customary closing conditions.

Disney Magic Takes Flight: Riyadh Air’s Family Adventures Begin!

Magical Moments Above the Clouds

Riyadh Air creates unforgettable family journeys with Disney, making every flight extra special. Moreover, Riyadh Air collaborates with global entertainment brand, The Walt Disney Company, to create memorable experiences for families on board. Children aged 0-11 years old receive beautifully packaged Mickey & Friends-themed amenity kits, while Disney+ movies, series, and exclusive Originals keep everyone entertained throughout the journey.

Families also enjoy playful mealtimes with colorful Disney-themed dining accessories. Consequently, every moment feels exciting, comfortable, and memorable.

A New Era of Family Travel

Each amenity kit suits different age groups, ensuring comfort, creativity, and fun. Furthermore, Riyadh Air combines thoughtful hospitality with Disney storytelling to create joyful memories from takeoff to landing.

By blending world-class service with magical entertainment, Riyadh Air reflects Saudi Arabia’s Vision 2030 while delivering unforgettable family adventures in the skies.

AI Takes the Wheel: How ADNOC Is Revolutionizing Drilling Operations

Smarter Rigs, Better Results

ADNOC has deployed its AI-enabled Real-Time Operations Center (RTOC) across its fleet of more than 120 onshore and offshore drilling rigs, powered by SLB’s DrillOps™ intelligent well delivery and insights solutions. As a result, teams access live drilling data in one secure environment and make faster, smarter decisions.

Moreover, developed in the United Arab Emirates and hosted within ADNOC’s sovereign cloud environment, the platform protects critical operational data. It also strengthens data security, operational resilience, and long-term digital independence.

The Future of AI-Powered Energy

According to SLB, DrillOps transforms real-time drilling data into operational intelligence. Consequently, ADNOC reduces engineering effort by 30% to 40%, supports two to three times more rigs, and completes analyses within minutes instead of days.

Furthermore, the RTOC combines automated dashboards, advanced analytics, and AI-driven insights to identify risks early, reduce downtime, improve efficiency, and accelerate ADNOC’s journey toward connected, intelligent, and autonomous drilling operations.