Saudi Aramco completes $69 billion SABIC stake deal, extends schedule

June 17, 2020 admin Business News Comments Off on Saudi Aramco completes $69 billion SABIC stake deal, extends schedule

Saudi Aramco has completed its purchase of a 70% stake in petrochemicals company Saudi Basic Industries for $69.1 billion and extended the payment period by three years to 2028, providing a cushion against weak oil prices.

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Source:: Reuters – Business News