Saudi Basic Industries Corp. — Capital/Financing Update 2022

Dec 18, 2022

Saudi Basic Industries Corporation (SABIC) announces signing a Memorandum of Understanding with Saudi Arabian Oil Company (Saudi Aramco) and China Petroleum & Chemical Corporation (Sinopec)

2010 · 18/12/2022 08:51:16 · Announcement #71377 · View on Saudi Exchange

Saudi Basic Industries Corporation (SABIC) announces signing a Memorandum of Understanding with Saudi Arabian Oil Company (Saudi Aramco) and China Petroleum & Chemical Corporation (Sinopec)

Element List	Explanation
Memorandum Signing Date	2022-12-15 Corresponding to 1444-05-21
Counterparty	Saudi Arabian Oil Company (Saudi Aramco) and China Petroleum & Chemical Corporation (Sinopec)
Memorandum Subject	Economic and technical feasibility study to develop an integrated petrochemical complex with an existing refinery in Yanbu, Saudi Arabia.
Memorandum Duration	18 months
Related Parties	Saudi Arabian Oil Company (Saudi Aramco)
Financial Impact	NA

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