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Saudi Oil Firm Aramco Buys Stake in Chemicals Firm Sabic for $69 BillionSaudi Arabia’s national oil company has agreed to buy a majority stake in the kingdom’s petrochemicals firm for $69.1 billion, giving Crown Prince Mohammed bin Salman’s agenda a giant jolt of cash. Having problems are they........ It wasn't all that long ago when it was the Arabian-American Oil Company
Source: WSJ - 🏆 98. / 63 Read more »
Saudi Aramco reaches $69.1 billion deal to buy majority stake in petrochemicals firm SABICThe deal will see Saudi oil giant Aramco purchase the Public Investment Fund's 70-percent stake in SABIC. Nice
Source: CNBC - 🏆 12. / 72 Read more »
Saudi’s $69 bln asset rejig starts banker paybackAramco is buying a 70 pct stake in chemical group SABIC from the kingdom’s sovereign wealth fund. The reshuffle is mostly an internal affair but the oil giant will issue bonds to pay for it. That gives banks who have spent years courting the company some return for their efforts.
Source: Breakingviews - 🏆 470. / 51 Read more »
Saudi Aramco building global gas business to cut carbon footprintSaudi Aramco, the world's biggest oil producer, was building an internation...
Source: Reuters - 🏆 2. / 97 Read more »