Saudi Aramco buys SABIC shares on market as it completes acquisition

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

State-owned Saudi Aramco bought 2.1 billion shares of Saudi Basic Industries (SABIC) on the stock market on Sunday as it completed its deal agreed last year to buy 70% of the petrochemical giant, according to sources and market data.

) on the stock market on Sunday as it completed its deal agreed last year to buy 70% of the petrochemical giant, according to sources and market data.

Four transactions were executed on the Saudi exchange, known as Tadawul, involving SABIC shares worth 259,125 billion riyals billion, Tadawal data showed, without naming the buyer. The shares are being sold by the Saudi sovereign fund, the Public Investment Fund , giving it more cash to invest in the government programme to diversify the economy away from oil.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Terrible , tRump sailing our country to our enemies like his father Fred as a kkk!

NSE_Investors The transactions in the middle East banks..and the changes in fuel here at home. Smells gains on oil and fuel companies

Tiene un hermano en Valparaiso

Many people enter. None leave.

Good

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Four trades linked to Aramco purchase of 70% stake in SABIC: market sourcesFour transactions involving 2.1 billion shares in Saudi Basic Industries Corp on the Saudi bourse on Sunday appeared to be linked to Saudi Aramco's planned purchase of a 70% stake in the petrochemicals company, two market sources said. Hmmm... so sucking Aramco's cash directly into gov. safe?
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Saudi oil market share set to hit highest since 1980s: J.P. MorganSaudi Arabia's share of the oil market is set to rise this decade to its highest since the 1980s as investment in production elsewhere dries up in the wake of the coronavirus crisis, J.P. Morgan said in a report. Pandemic has meant less driving,big energy trying to leverage the small window of re-opening This doesn't end well
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Four trades linked to Aramco purchase of 70% stake in SABIC: market sourcesFour transactions involving 2.1 billion shares in Saudi Basic Industries Corp on the Saudi bourse on Sunday appeared to be linked to Saudi Aramco's planned purchase of a 70% stake in the petrochemicals company, two market sources said. Hmmm... so sucking Aramco's cash directly into gov. safe?
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Saudi oil market share set to hit highest since 1980s: J.P. MorganSaudi Arabia's share of the oil market is set to rise this decade to its highest since the 1980s as investment in production elsewhere dries up in the wake of the coronavirus crisis, J.P. Morgan said in a report. Pandemic has meant less driving,big energy trying to leverage the small window of re-opening This doesn't end well
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Despite Market Plunge, These 10 Billionaires Gained $23 Billion This WeekThough markets plunged mid-week, shares of tech stocks and hybrid vehicle firms boosted the fortunes of these billionaire founders. Nobody fucken cares Forbes!! There is a reason they are billionaires right, congrats; as we succumb to biothech where no fundamentals apply, no matter what 😆 pump and dump. How come twitter only gives me a 'read the article' notice when it's something about rich people? Like 'are you sure you wouldn't agree they deserve billions of dollars for doing nothing once you hear how they did it?!'
Fonte: Forbes - 🏆 394. / 53 Leggi di più »