) 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
Tiene un hermano en Valparaiso
Many people enter. None leave.
Good
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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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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
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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?
Source: Reuters - 🏆 2. / 97 Read more »
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
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