Saudi Basic May Purchase Local Companies, al-Eqtisadiah Reports

Saudi Basic Industries Corp. (SABIC), the world’s biggest petrochemicals maker, may buy local companies, al-Eqtisadiah reported, citing Chief Executive Officer Mohamed Al-Mady.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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