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Saudi Basic Industries Corp., the Middle East's biggest petrochemicals producer, posted an 81-percent increase in second-quarter profit on higher sales prices and volumes. Net income rose to 6.7 billion riyals ($1.8 billion) from 3.71 billion riyals a year ago, the company known as SABIC said in a statement.SABIC agreed in January to acquire a 24.99 percent of Clariant from White Tale Holdings.The company's shares were 0.3 percent lower at 129.40 riyals at 11:08 a.m. in Riyadh.
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