Saudi Basic Industries Corporation reported earnings results for the fourth quarter of 2013. Fourth-quarter profit rose 5.7% to SAR 6.16 billion from SAR 1.64 billion a year ago period. The company affected by sluggish demand for petrochemicals in Europe as the region's economy struggle to recover following the global credit crisis. Sales remained unchanged at SAR 189 billion last year.

The company expects 2014 results to improve as there are forecasts of solid improvements in prices.

The company plans to invest in North America and China as they present the most attractive opportunities.