Friday, 3rd December 2021

Aramco to acquire Sabic stake for $69B

By Bloomberg
29 March 2019   |   8:17 am
Saudi Aramco will buy a majority stake in chemical giant Sabic from the kingdom’s sovereign wealth fund for over $69B. This is the Middle East’s biggest ever deal. It will transfer a big slug of cash from one arm of the state to another to finance Crown Prince Mohammed bin Salman’s economic agenda.