Saudi Aramco plans to complete the acquisition of a 70 percent stake in Saudi Ba...
FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo
DUBAI - Saudi Aramco plans to complete the acquisition of a 70 percent stake in Saudi Basic Industries in 2020, it said in its bond prospectus. Aramco agreed last week to buy the majority stake from Saudi Arabia’s Public Investment Fund for $69.1 billion. Aramco’s revenues at the end of last year stood at $315.24 billion, while its net income was $111.07 billion, the prospectus showed.
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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.
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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.
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Saudi oil giant Aramco to pay $69.1 billion for majority stake in kingdom’s petrochemicals firm SabicSaudi Arabia’s national oil company has agreed to buy a majority stake in the kingdom’s petrochemicals firm for $69.1 billion, people familiar with the deal said, giving Crown Prince Mohammed bin Salman’s agenda a giant jolt of cash.
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Saudi Aramco to buy SABIC in $69 billion chemicals megadealThe world's largest oil producer Saudi Aramco has agreed to buy a 70 percen...
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Saudi Aramco agrees to buy PIF's stake in SABIC for $69.1 billionSaudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp...
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Saudi Aramco reportedly plans to issue $10 billion bond, opening books for the first timeSaudi Arabia's state-controlled energy giant Aramco plans to issue a $10 billion bond as early as next week, the Wall Street Journal reported Thursday, citing unnamed sources familiar with the matter.
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Aramco's Sabic Deal Should Be A Warning To Saudi InvestorsThe real lesson here is that the Saudi government - not regular investors in Saudi Arabia - will always get the best deal.
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Saudi Aramco building global gas business to cut carbon footprintSaudi Aramco, the world's biggest oil producer, was building an internation...
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Saudi Aramco Is The Most Profitable Company In The World, But Where Is All The Money Going?What do we learn from the much anticipated credit rating report for Saudi Aramco?
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