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Aramco completes acquisition of 70% stake in SABIC

Aramco has successfully completed its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR259.125 billion (USD69.1 billion). The price per share comes to SAR123.39 (USD32.92) price per share. The completion of the […]

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