Wed, 2019-03-27 18:16
LONDON: Saudi Aramco has agreed a $69.1 billion deal to acquire a majority stake in SABIC, the region’s biggest petrochemical company.
It is part of a plan by the world’s largest national oil company to diversify away from pumping crude oil to generating more of its profits from high-value petrochemicals.
And it paves the way for the much-awaited IPO of Saudi Aramco, which is expected in 2021.
Main category:
from ArabNews https://ift.tt/2V1HtVw
0 Comments