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Saudi Kayan Petrochemical sees loss widened, shares drop

Saudi Kayan Petrochemical Co, a unit of Saudi Basic Industries Co (Sabic), has said its second-quarter loss has widened, missing analysts' estimates, Bloomberg has reported. The net loss increased to SR328.3m ($87.5m) from SR16m a year earlier, Kayan said. Analysts estimated Kayan to achieve a profit of SR101m.