SABIC sticking with growth plans; will discuss synergies with Aramco
Saudi Basic Industries Corp’s (SABIC) investment plans will not be affected by oil giant Aramco’s purchase of a 70% stake in the company, its chief executive Yousef Al-Benyan said on Friday, adding SABIC would look to integrate assets with Aramco to boost growth. He further said that once the anti-trust clearance is obtained, then immediately SABIC will put a team together to look at areas of synergies in order for us to leverage our shareholder value.
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