The world’s largest oil producer Saudi Aramco has agreed to buy a 70 per cent stake in Saudi Basic Industries Corp (SABIC) from the kingdom’s wealth fund for $69.1bn in one of the biggest deals in the ...
"Saudi Aramco today announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia, ...
JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco’s plan to buy a controlling stake in petrochemical maker SABIC, several sources familiar with the matter said. Aramco aims to buy ...
Headquartered in Riyadh, Saudi Arabia, Sabic has global operations in over 50 countries with 34,000 employees. In 2018, Sabic’s consolidated production volume across its various business units was 75 ...
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