Home Industry Energy SABIC-Saudi Aramco-PIF Venture May Eventually Go Public SABIC’s acting CEO Yousef Abdullah al-Benyan said the idea was still at an early stage. by Reuters April 19, 2015 A venture between Saudi Basic Industries Corp, state oil giant Saudi Aramco and the government’s Public Investment Fund may eventually go public, SABIC’s acting chief executive Yousef Abdullah al-Benyan said on Sunday. Speaking at a news conference, Benyan said the idea was still in a very early stage and he did not give details. Early last year the government approved the creation of the Saudi Arabian Company for Industrial Investment with capital of SAR2 billion ($533 million), which would help to diversify the economy by focusing on manufacuring industries. 0 Comments
