British Chancellor of the Exchequer Kwasi Kwarteng (pictured) held secret meetings with representatives of Saudi firms when he visited the kingdom under his previous role as business secretary, The Guardian reported Tuesday.
According to the report, Kwarteng had undisclosed encounters with the...
Saudi Basic Industries Corporation (SABIC) asked Clariant AG, in which it holds a majority stake, to implement a 12-year term limit for board members.
If accepted at the general shareholder meeting in April, the request will mean the end of the board Chairman Hariolf Kottmann's term....
Saudi Aramco successfully finalized the acquisition of 70% of shares in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund at a closing price of SAR 259.125 billion ($69.1 billion and $5.9 billion in vendor loan charges to the PIF) the company officially confirmed on...
Saudi Aramco's Senior Vice President of Finance, Strategy and Development, Khalid H. Al-Dabbagh, will become the chairman of the Saudi Basic Industries Corp. (SABIC), Energy Intelligence's Amena Bakr reported on Tuesday citing unnamed sources.
Al-Dabbagh has been working as a...
Saudi Arabian oil giant Saudi Aramco has finalized its deal to buy a 70% stake in Saudi Basic Industries Corp (SABIC) on Sunday. The deal is worth a total of $69.1 billion or $32.8 per share of SABIC.
The acquisition, which expands Aramco's petrochemical manufacturing and refining capacities, was...
The European Commission approved on Friday the agreement of oil giant Saudi Aramco acquiring a 70% stake in Saudi Basic Industries Corporation (SABIC) for $69 billion.
According to the Commission, the deal didn't raise any horizontal or vertical competition concerns, as "the companies'...
Chief executive officer of Saudi Basic Industries Corp. (SABIC), Yousef al-Benyan, said on Sunday that his firm is no longer interested in forming a joint venture with Clariant, a Swiss-based specialty chemicals company. SABIC has a 25% stake in Clariant and still considers it "a long term strategic...
Saudi Arabian Oil Corp., or Saudi Aramco, will acquire a majority stake in Saudi Basic Industries Corp., better known as SABIC for $69.1 billion, CNBC reported on Wednesday. State-owned energy giant will buy 70% of SABIC 's shares, a stake purportedly owned by the Public Investment Fund of Saudi...
Khalid al-Falih, Saudi Arabia’s minister of energy, industry and mineral resources, announced the initiative for an international expansion of the country's fossil fuel monopoly before the planned stock market flotation. Saudi Arabian Oil Co., or Saudi Aramco, is primarily looking at the gas sector,...
Representatives of Saudi Arabian Oil Corp. came to the United States looking for investors in the company's debt, aiming to fund a strategic acquisition after its own stock market debut was shelved, the Wall Street Journal wrote on Thursday. The visit this week concerns an issuance of bonds with the...
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