SABIC signs MoU with China’s Guangzhou zone to study potential investment opportunities
SABIC has signed a memorandum of understanding (MoU) with the Guangzhou Nansha Development Zone Committee of China to strengthen the cooperation between both parties. Both sides will conduct feasibility studies on potential investment opportunities in China. Finally, SABIC CEO Yousef Al-Benyan noted that the development of the company’s business in China is one of SABIC’s core growth strategies.
SABIC: SAR101.50 as of 7 Dec. 2017, Rating: Neutral, TP: SAR105.00/share, MCap: USD81,200mn, SABIC AB/2010.SE
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