#chemicals

Aramco, Sabic to reassess $20bn crude-to-chemicals project

SABIC suspended new capital spending earlier this year as it reported losses in the first and second quarters

Saudi chemicals giant Sabic taps bond market for $1bn

Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries

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Saudi chemical maker SABIC expects recovery following loss

SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year

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Oil giant Saudi Aramco completes $70bn takeover of SABIC

Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028

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Aramco begins taking SABIC stake in $69bn of block trades

Aramco will pay $24.8bn this week as a first installment in the deal

Saudi Aramco seeks to restructure $69.1bn SABIC deal

Aramco is weighing pushing out payments for the 70 per cent holding in SABIC and reducing the size of the initial installment to PIF

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Saudi Arabia’s SABIC suspends all but essential spending

The company’s first-quarter sales dropped 18 per cent to SAR30.83bn