Deals
Aramco Begins Taking Sabic Stake in $69 Billion of Block Trades
- Oil giant is buying the shares from the Public Investment Fund
- Aramco to pay $24.8 billion in the first installment: Maaal
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Saudi Aramco began executing the acquisition of a 70% stake in Saudi Basic Industries Corp. through block trades worth 259 billion riyals ($69 billion) on Sunday.