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Sabic dives 2.57%, drags Tadawul bourse down

The Saudi Tadawul market declined 1.73%, closing at 6,624.95 points. Market bellwether Sabic plummeted 2.57% to SR104.25. Its affiliated firm Sabic Capital said on Wednesday that its seeks a $2bn revolving credit facilty from five banks, Reuters reported. Sahara Petrochemical, on the other hand, surged 3.49% to reach SR25.20 and ended as a top gainer. 252m share valued at SR5.78bn changed hands in Riyadh.