SABIC liquidates SABIC Suquq Company as losses exceed 50% of capital
SABIC announced the liquidation of SABIC Suquq Company as its losses exceeded 50% of the capital. Based on a Tadawul release, SABIC Suquq Company was created (with a total capital of SAR500,000) to support SABIC on the financing side, specifically bonds and sukuk issuances.
SABIC: SAR108.28 as of 11 Mar. 2018, Rating: Neutral, TP: SAR110.00/share, MCap: USD86,624mn, SABIC AB/2010.SE
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