Acquisitions and Divestitures News in Saudi Arabia

Clariant Signs Agreements to Divest 50 % in Scientific Design jV to SABIC
2/2/2022 - Clariant, a focused, sustainable and innovative specialty chemicals company, has signed definitive agreements to divest its 50 % stake in the joint venture which owns Scientific Design Company Inc. to...
ACWA Power Achieves Financial Close for $12B Power JV in Saudi Arabia
10/27/2021 - ACWA Power, a leading developer, investor and operator of power generation, desalinated water and green hydrogen plants, has announced the financial close and completion of the acquisition of the firs...
ADNOC Distribution Increases Commitment to Saudi Arabia
12/31/2020 - ADNOC Distribution, the UAE’s largest fuel and convenience retailer, has announced the execution of a definitive agreement to acquire 15 service stations in the Kingdom of Saudi Arabia, reaffirming it...
Aramco Completes its Acquisition of 70% Stake in SABIC
6/17/2020 - Aramco announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Sau...
Aramco Completes Acquisition of Shell’s Share of the SASREF Refining Joint Venture
9/18/2019 - The Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia (Refining) Limited’s (Shell) 50% interest in the SASREF joint venture in Jubail Industrial City, in the...
Shell Completes SADAF Chemicals Sale to SABIC for $820M
8/16/2017 - Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was announced on 22 ...
Shell to Sell Stake in Sadaf Chemicals Joint Venture in Saudi Arabia to Sabic
1/22/2017 - Shell and SABIC have signed an agreement whereby SABIC will acquire Shell’s 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. ...
Saudi's SABIC Sells Polymershapes Unit to U.S. Firm
9/7/2016 - Saudi Basic Industries Corp (SABIC) 2010.SE has agreed to sell its Polymershapes unit to U.S. investment firm Blackfriars Corp, SABIC said without giving a value for the deal. ...
Saudi Aramco-Motiva in Lead to Buy Lyondell's Houston Refinery
9/6/2016 - Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy LyondellBasell Industries Houston refinery, according to three sources familiar with the matter. ...
LANXESS and Saudi Aramco Complete Joint Venture Deal
4/1/2016 - LANXESS and Saudi Aramco have completed the formation of their 50-50 joint venture for synthetic rubber, ARLANXEO. The deal was first announced in September 2015, and all relevant antitrust authoritie...
SAFCO Eyes Potential Buy of SABIC's stake in JV
3/13/2016 - Saudi Arabia Fertilizers Co 2020.SE (SAFCO) is considering taking full control of chemical fertilizer producer Ibn Al-Bayttar by buying out its joint venture partner Saudi Arabia Basic Industries Corp...
Aramco IPO Could be Open to International Markets
1/24/2016 - In initial public offering of Saudi Aramco, the world's biggest oil company, could be on the local or international markets but would not include Saudi energy reserves, the company's chairman told Sau...
Saudi Government to Keep Controlling Stake in Aramco
1/13/2016 - Saudi Arabia's government will keep a controlling interest in state-owned Saudi Aramco if it decides on a share offering of the world's largest oil firm, its chief executive said. ...
Aramco May Include Upstream in Listing
1/11/2016 - Saudi Arabia’s potential sale of shares in its state-owned oil giant could include listing at least part of its exploration and production assets, the company’s chairman said in an interview Monday, c...
Aramco Would Sell Downstream Ops, Not Upstream
1/10/2016 - Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramc...
Saudis Consider Selling Shares in Aramco
1/8/2016 - Saudi Aramco confirms that it has been studying various options to allow broad public participation in its equity through the listing in the capital markets of an appropriate percentage of the Company...
Aramco Will Buy CNPC Refinery Stake, Retail Assets
10/6/2015 - Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as retail assets, people familiar with the matter said - a deal that ...
Saudi Aramco Wants to Raise Stake in Luksar
6/24/2015 - Saudi state oil company Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50 percent, the chief executive of the Russian company said on Wednesday. 'They are in...
Aramco, Sumitomo to Transfer Rabigh II to Petrorabigh
Aramco, Sumitomo to Transfer Rabigh II to Petrorabigh 8/3/2014 - Saudi Aramco and Sumitomo Chemical will transfer ownership of a planned 32 billion riyal ($8.5 billion) petrochemical facility to their joint venture PetroRabigh, the venture said. ...
Dabbagh Group Set to Buy out Stack in Lubricant Venture
4/9/2013 - Saudi Arabian family firm Dabbagh Group is in the advanced stages of buying out its Indian partner's stake in a lubricant venture in the kingdom, a deal prompted by strategy differences between the pa...

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