Stay updated with breaking news from Saudi Basic Industries. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
U.S. energy major Exxon Mobil is in advanced talks to buy shale producer Pioneer Natural Resources in a $60 billion deal, sources familiar with the matter said. It would be Exxon's...
Steel is set to be forged for Saudi Arabia’s sovereign wealth fund PIF following the acquisition of Saudi Basic Industries Corp.’s metals business, Saudi Iron & Steel Company, for US$ 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 Margaritas Into Gold, Dies
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…