Saudi Aramco Inks Deal to Acquire SABIC
Posted on 03/27/2019
State-run Saudi Aramco finalized a deal to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from Saudi Arabia’s Public Investment Fund (PIF) for US$ 69.1 billion, according to Saudi-owned broadcaster Al Arabiya and Reuters. It is publicly known that Saudi Aramco intended to acquire SABIC for quite some time. “This is a […]
