SABIC suspended new capital spending earlier this year as it reported losses in the first and second quarters
Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries
SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year
Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028
Aramco will pay $24.8bn this week as a first installment in the 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
The company’s first-quarter sales dropped 18 per cent to SAR30.83bn
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