SABIC logo

Saudi Basic Industries Corp (SABIC) hired NCB Capital to advise on a potential listing of its specialty chemicals unit, Reuters reported, citing unnamed sources familiar with the matter.

 

The giant petrochemical producer is also in talks with foreign banks for advisory roles.

 

HSBC and JP Morgan are among those in the final phase of pitching for the deal, which could be launched later this year or early 2022, the sources added. In November 2020, SABIC was said to be considering an initial public offering (IPO) of its specialty chemicals unit, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request