SABIC decides to liquidate 3 subsidiaries

31/12/2019 Argaam

 

Saudi Basic Industries Corporation (SABIC) decided to liquidate 3 of its subsidiaries as part of its transformation plan, the company said in a bourse statement.

 

The liquidation decision includes SABIC Industrial Catalysts Co. and Saudi Carbon Fiber Co.

 

Both companies are fully owned by SABIC a paid in capital of SAR 500,000, each.

 

Saudi Japanese Acrylonitrile Co. in which SABIC ownership is 100%, is the third company to be dissolved. The company’s paid in capital is SAR 171.23 million.

 

SABIC will continue to develop the products of these companies through other subsidiaries, and the liquidation is not expected to have any financial impact on SABIC's consolidated financial statement, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.