Saudi Basic Industries Corp. — Capital/Financing Update 2018

Nov 4, 2018

Saudi Basic Industries Corporation (SABIC) announces the latest developments in its feasibility study for SAFCO's acquisition of its entire stake in Ibn Al Baytar Company

2010 · 04/11/2018 08:00:13 · Announcement #52483 · View on Saudi Exchange

Saudi Basic Industries Corporation (SABIC) announces the latest developments in its feasibility study for SAFCO's acquisition of its entire stake in Ibn Al Baytar Company

Element List	Explanation
Introduction	SABIC announces its decision not to continue further with the mentioned study. This is attributed to SABIC’s Board direction to expand the evaluation of the economic opportunities from the integration and growth of its Agri-Nutrients sector with (SAFCO). This is envisioned to bring higher efficiency and enhance the sector’s competitiveness at the regional and global levels
Date of previous announcement	2016-10-10 Corresponding to 1438-01-09
Progress %	100%
Expected completion date of the event	NA
Expenses related to the event and whether it changed or not with the justification	There is no change in the scope of the study and therefore the associated costs have not changed

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