January 15, 2021
Saudi Aramco has signed a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia, in a private transaction valued at SAR 259.125 billion (USD USD69.1 billion) or SAR 123.39 (USD32.9) per share. The remaining 30% publicly traded shares in SABIC are […]
Affiliates of Exxon Mobil Corporation and Saudi Basic Industries Corporation (SABIC) have signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work. The agreement was signed during the Saudi-US CEO Forum in Riyadh in the presence of Yousef […]
