Two Saudi petrochemical giants have hired investment banks to advise on the potential sale of a stake in the Ibn Al-Baytar fertiliser company. Saudi Arabia Fertilizers Company (Safco) has hired Samba Capital, while Saudi Basic Industries Corporation (Sabic) has chosen…
Tag: Sabic
Sabic to build joint venture petchems in China
For full coverage of Middle East business, see MEED Saudi Basic Industries Corporation (Sabic) said on Monday it had signed an agreement with Shenhua Ningxia Coal Industry group to build a petrochemical complex in China. Sabic said in a statement…
NBK downgrades Sabic to hold
NBK capital has reduced its recommendation for shares in Saudi Basic Industries Corporation (Sabic) to hold from buy an forecast a fall in the company’s 2016 and 2017 profits. “We have reduced our fair value for Sabic to SR 93.40 a…