Saudi Aramco buys SABIC shares on market as it completes acquisition

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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.

 

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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

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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?
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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?
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