Post Tagged with: "Sabic"

Source: CNBC

Saudi Aramco completes $69 billion Sabic deal, extends payment window amid oil hit

CNBC


Saudi Aramco completed the purchase of its 70% stake in the kingdom’s petrochemical giant Sabic from the Saudi Public Investment Fund, it announced Wednesday, tying the knot on one of the largest ever deals in the global chemicals industry.…

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

From Reuters


Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though some bankers and company insiders say the kingdom should trim its target to around $1.5 trillion, industry and banking …

Saudi Aramco to Buy Majority Stake in Petrochemicals Producer Sabic for $69.1 Billion

Saudi Aramco to Buy Majority Stake in Petrochemicals Producer Sabic for $69.1 Billion

From The Wall Street Journal

Saudi Arabia’s national oil company has agreed to buy a 70% stake in Saudi Basic Industries Corp., the kingdom’s petrochemicals firm, for $69.1 billion, giving Crown Prince Mohammed bin Salman’s agenda a massive jolt of …

March 27, 2019 - 2:54 pm Closing Bell Story‎, Crude Oil News, Energy News
Saudi Aramco IPO Timeline Shifted by SABIC Acquisition

Saudi Aramco IPO Timeline Shifted by SABIC Acquisition

From Reuters

Saudi Aramco’s potential acquisition of a stake in petrochemicals maker SABIC would affect the timeframe of its own planned initial public offering, the firm’s chief executive, Amin Nasser, said in a TV interview.

The offering is the centerpiece …

July 23, 2018 - 12:40 pm Closing Bell Story‎, Energy News, International
Saudi Aramco Looking to Buy Stake in World’s No. 4 Chemical Firm

Saudi Aramco Looking to Buy Stake in World’s No. 4 Chemical Firm

From Reuters

Saudi Aramco (IPO-ARAM.SE) said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC (2010.SE), a move that could boost the state oil giant’s market valuation ahead of a planned initial public offering

Saudi’s Largest Petrochemical Company is Investing in U.S. Shale Gas

Saudi’s Largest Petrochemical Company is Investing in U.S. Shale Gas

Saudi investment in U.S. shale continues in the down market, not interested in acquiring U.S. companies at this point

Saudi Basic Industries Corp. (ticker: TADAWUL:2010), or Sabic, plans to expand investment in U.S. shale gas projects through joint ventures, according …

July 27, 2015 - 6:47 pm Fracing, International, Oil and Gas 360 Articles, OPEC