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21-Feb-2016

India closes investigation of ethyl hexanol dumping against SABIC

According to an article on Argaam,  Assistant Minister of Petroleum and Mineral Resources, Prince Abd Al Aziz Bin Salman, stated that the Indian Ministry of Trade and Industry has closed the investigation into dumping practices against Saudi Basic Industries Corporation  (SABIC) [2010.SE] for ethyl hexanol. It is worth noting that India had opened the investigation in November 2014. (Argaam)   SABIC: SAR70.45 as of 18 February 2016, Rating: Buy, FV: SAR100.00 per share, MCap: USD56,360 million, SABIC AB / 2010.SE

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