Saudi Chemicals Giant SABIC Weighs Listing of Industrial Gas Unit ...Middle East

Saudi Basic Industries Corp (SABIC) is considering listing National Industrial Gases Company (GAS) as part of a review into the strategic options for its unit, the Saudi chemicals giant said on Wednesday. The study and evaluation of certain strategic options concerning the National Industrial Gases Company is in line with SABIC’s priorities of optimizing its portfolio and focusing on its core business, said the company, which is 70% owned by Saudi state oil giant Aramco. The options under consideration for National Industrial Gases Company…

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