Page 5 - Saudi Basic Industries News Today

U.S. energy major Exxon Mobil is in advanced talks to buy shale producer Pioneer Natural Resources in a $60 billion deal, sources familiar with the matter said. It would be Exxons...

Steel is set to be forged for Saudi Arabia’s sovereign wealth fund PIF following the acquisition of Saudi Basic Industries Corp.’s metals business, Saudi Iron & Steel Company, for US$ 3.3 billion. PIF has been acquiring in the steel industry. Base metals investments “Will bring together PIF’s financial capabilities and industry experience . . .…

SABIC had reported a massive slump in its Q2 net profit on lower average sales prices.

(Bloomberg) -- Saudi Arabia’s sovereign wealth fund is set to create a new steel giant with the acquisition of the metals unit of chemicals maker Saudi Basic Industries Corp. for an enterprise value of 12.5 billion riyals ($3.3 billion).Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneCovid Is Back. Is It Time to Pull Out Our Masks Again?BMW Unwraps Next-Generation EV to Take on Tesla, China’s BYDJimmy Buffett, Singer Who Spun Margar...

Saudi Arabia’s sovereign wealth fund is set to create a new steel giant with the acquisition of the metals unit of chemicals maker Saudi Basic Industries…

RIYADH: The Public Investment Fund on Sunday announced the signing of a share purchase agreement to acquire a 100 percent shareholding in the Saudi Iron &…

PIF previously owned 70% of Sabic before agreeing to sell the stake to Aramco in 2019

Most stock markets in the Gulf ended lower on Sunday as a contraction in factory activity in China, where the...

Major stock markets in the Gulf were mixed in early trade on Wednesday ahead of an annual meeting of central bankers, with the Qatari index falling for a third session. Markets await...

Major stock markets in the Gulf were mixed in early trade on Wednesday ahead of an annual meeting of central...