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Results for
sabic
61 Results-
Saudi Aramco says SABIC megadeal is ‘key pillar’ in growth strategy
Saudi Aramco’s $69.1 billion deal to purchase a majority shareholding of Saudi Basic Industries Corp (SABIC) is a key pillar in the oil giant’s growth ... Energy -
SABIC to keep identity and governance after $70 bln Aramco acquisition: CEO
Saudi Basic Industries Corp (SABIC) will maintain its identity and governance following the $70 billion acquisition of the petrochemical firm by oil ... Energy -
Saudi Arabia’s oil giant Aramco completes $70 billion SABIC megadeal
Saudi Aramco has completed a deal it reached last year to buy a 70 percent stake in Saudi Basic Industries Corp. for around $70 billion.Aramco will ... Energy -
Saudi Arabia’s oil giant Aramco buys 70 pct of SABIC for $69.1 billion in mega-deal
Saudi Aramco purchased 2.1 billion shares, or 70 percent, of Saudi Basic Industries Corp (SABIC) for 259 billion riyals ($69.1 billion) in four ... Economy -
Coronavirus: SABIC expects more significant impact in second quarter earnings
Saudi Basic Industries Corp (SABIC) expects a more significant impact on its business from the coronavirus pandemic in the second quarter, its chief ... Coronavirus -
Saudi Aramco receives unconditional clearance from EU on SABIC purchase
Saudi Aramco, the Kingdom’s energy giant, has received unconditional clearance from the European Commission for its proposed acquisition of a 70 ... Energy -
SABIC to sell agri-nutrients business to SAFCO in $1.2 billion deal
Saudi Basic Industries Corp (SABIC) will sell SABIC Agri-Nutrients Investment Company to the Saudi Arabian Fertilizer Company in a deal valued at 4.59 ... Energy -
Trade tensions, stricter regulations weighing on chemical industry: SABIC CEO
Trade tensions between the US and China and tightening environmental regulations in some regions are weighing on the demand for chemical products, ... Economy -
Petrochemicals sector to grow 3 to 4 pct per year: Aramco executive
Saudi Aramco expects the global petrochemical industry to grow in the range of 3 to 4 percent per year going forward, a top executive at the company ... Energy -
Saudi Aramco, PIF amend terms of payment for SABIC acquisition
Saudi Aramco said it has agreed to change the terms of payment related to its acquisition of a 70 percent stake in Saudi Arabia Basic Industries Corp ... Energy -
SABIC Q3 profit falls 86 percent on taking $400 mln charge
Saudi Basic Industries Corp (SABIC) posted an 86 percent drop in third-quarter net profit on Sunday as the country’s top petrochemicals producer ... Business -
SABIC completes Sadaf, Petrokemya merger to boost efficiency
Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemical producers, said on Tuesday that it has successfully merged two of ... Energy -
SABIC to invest 4.5 mln riyals into new branding campaign
Saudi Arabia Basic Industries Corp. (SABIC), the largest petrochemical producer in the Middle East, announced it would be investing 4.5 million riyals ... Business -
Saudi Aramco revives feedstock supplies to petrochemical firms
Petrochemical firms that are listed on the Saudi Stock Exchange (Tadawul) said on Wednesday that there has been an improvement in feedstock supplies ... Energy -
Saudi chemical giant profits dive over low prices
Saudi petrochemicals giant SABIC said on Sunday its net profits for the second quarter and first half of this year dived due to a sharp decline in ... Economy -
Saudi Aramco: The $2 trillion IPO is back
Last week the Saudi energy minister Khalid al-Falih announced that plans are underway to list Saudi Aramco, the world’s largest oil company, ... Business -
Saudi wealth fund in talks to raise up to $8 bln bridge loan, say sources
Saudi Arabia’s Public Investment Fund (PIF) is in talks with banks to raise a short-term bridge loan for as much as $8 billion to use for new ... Economy -
Al-Falih: Demand for Saudi Aramco’s bond ‘north of’ $30 billion
Demand for Saudi Aramco’s inaugural international bond, which will be issued this week, is higher than $30 billion, Saudi Energy Minister Khalid ... Energy -
Aramco-SABIC deal doubles total combined value of MENA mergers, says analyst
Speaking to Al Arabiya, Senior Natural Resources Correspondent Patrick Harris stressed on the importance of the Saudi Aramco and SABIC deal as it ... Energy -
Aramco was the world’s most profitable company in 2018: Moody’s
Saudi Arabia’s Aramco was the world’s most profitable company in 2018, surpassing giants including Apple Inc., Samsung, and Shell, ... Economy -
Saudi’s SABIC sticking with growth plans, will discuss synergies with Aramco
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 ... Energy -
Saudi Aramco buying 70 percent of SABIC for $69.1 bln
Saudi Aramco, the world’s top oil producer, is buying a 70 percent stake in Saudi Basic Industries Corp (SABIC) from the Kingdom’s ... Energy -
Saudi Aramco to decide on how to finance SABIC buy
Saudi Aramco said on Wednesday it expects to decide by mid-2019 how to finance the acquisition of Saudi Arabian Basic Industries Corp (SABIC). &ldquo ... Energy -
Saudi Arabia to sign deals worth over $63 bln as part of new industrial program
Saudi Arabia witnessed the launch of the National Industrial Development and Logistics Program on Monday, which aims to fuel up 12 sectors in the ... Economy -
SABIC says challenges remain, views Aramco deal positively
Saudi Basic Industries Corp (SABIC) expects to face challenges this year due to uncertainty over the impact of a global trade war on the United States ... Energy -
Saudi Aramco CEO: SABIC acquisition perfect for our ‘crude to chemical’ strategy
Saudi Aramco’s proposed acquisition of 70 percent in Saudi Basic Industries Corporation (SABIC) is perfectly suited to its strategy of ... Energy -
Saudi Aramco eyes multi-billion-dollar US gas acquisitions: CEO
Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend ... Energy -
SABIC CEO: Decline of product prices stopped in past two weeks
Yousef al-Benyan, CEO of Saudi Basic Industries Corporation (SABIC), told Al Arabiya that the prices of its major products declined between 8 and 30 ... Energy -
Saudi Arabia’s SABIC records 5.4 percent rise in third-quarter net profit
Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, is evaluating investment opportunities in Africa, China ... Financial Markets -
SABIC signs two memorandums of understanding worth $1.5 billion
SABIC has signed two memorandums of understanding (MoU) with Germany’s SCHMID and RIWAQ Industrial Development to establish two silicon plants ... Energy