Saudi Alujain eyes hiking stake in 75%-owned NATPET as it mulls merger

RIYADH: Alujain Holding Corp. said it will increase its ownership in subsidiary National Petrochemical Industrial Co. as it mulls a merger. The Saudi-listed investment firm, involved in Kingdom’s major petrochemical and mining projects, currently holds a 75-percent stake in NATPET. Alujain is seeking to acquire an additional stake as part of its ongoing strategic plan to boost

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