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Saudi Basic Industries Corp. — Major Shareholding Notification 2020
Mar 3, 2020
53286_rns_2020-03-03_e1896e43-9316-433e-99b1-dc731e7147a3.html
Major Shareholding Notification
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Saudi Basic Industries Corporation (SABIC) announces it has purchased additional shares in Clariant AG to increase its stake to (31.5%)
2010 · 03/03/2020 15:55:35 · Announcement #57731 · View on Saudi Exchange
Saudi Basic Industries Corporation (SABIC) announces it has purchased additional shares in Clariant AG to increase its stake to (31.5%)
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Basic Industries Corporation (SABIC) announces it has purchased additional shares in Clariant AG to increase its stake to (31.5%). |
The move is part of SABIC's growth strategy in Specialties, to achieve a leadership position among global peers in specialties business and increase this segment’s contribution to SABIC.
Completion of the transaction above is subject to obtaining the required regulatory approvals.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.