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Platts 04/09/2019 04:10
Register Now Late March, international media reported that Saudi Aramco had agreed to acquire a 70% stake of SABIC.
More from Platts: 04/01/2019 07:24
Aramco plans to close SABIC acquisition deal in 2020.
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ArabFinance (UAE) 03/31/2019 04:18
Saudi Arabia's stock market rose on Thursday aided by its banks, even as Saudi Basic Industries (SABIC) gave up most of its early gains spurred by news of Aramco's purchase of a large stake in the petrochemicals group.
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Arabian Industry 03/31/2019 02:45
Sabic's benefits are best summarised by its vice chairman and CEO, Yousef Al-Benyan, who said in a press release that "SABIC will benefit from the additional scale, technology, investment potential, and growth opportunities Saudi Aramco will bring as a global leader ...
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Arab News (Saudi Arabia) 03/29/2019 13:18
Author:. Reuters. ID:. 155387669861026. Fri, 2019-03-29 14:29. RIYADH:- Saudi Basic Industries Corp’s (SABIC) investment plans will not be affected by oil giant Aramco’s purchase of a 70 percent stake in the company, its chief executive said on Friday, adding SABIC would look to integrate assets with Aramco to boost growth. Saudi Aramco, the world’s largest oil producer, agreed on Wednesday to buy the stake in SABIC from Saudi Arabia’s wealth fund (PIF) for $69.1 billion in one of the biggest deals in the global chemical industry. The deal will take six to 12 months to complete, and there won’t be any layoffs, change in management or impact on SABIC’s balance sheet, Yousef Al-Benyan told Reuters in a phone interview. “Once the anti-trust clearan.
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Plastics News (UK) 03/28/2019 11:45
Saudi energy giant Saudi Aramco has signed a share purchase agreement to acquire a 70 percent majority stake in petrochemicals and chemicals company Saudi Basic Industries Corp. (Sabic) for $69.1 billion.
More from Plastics News (UK):
SABIC has announced that Saudi Aramco has signed a share purchase agreement to acquire at 70 per cent majority stake in SABIC from the Public Investment Fund of Saudi Arabia in a private transaction.
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