Saudi Basic Industries Corporation (SABIC) [2010.SE] announced on Tadawul that there are no plans nor studies currently being undertaken by the company regarding a potential merger with Saudi Aramco. Several media reports had mentioned a merger between the two as a possibility, but both companies denied the reports over the weekend and clarified than neither has any plans to pursue this option. (Tadawul, Reuters) SABIC: SAR83.13 as of 19 May 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD66,504 million, SABIC AB / 2010.SE
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