You are here

petro

Saudi Aramco to acquire majority stake in Petro Rabigh for $702m

Saudi Aramco to acquire majority stake in Petro Rabigh for $702m

  • Acquisition, priced at $1.86 per share, increases Aramco’s stake to approximately 60% while reducing Sumitomo Chemical’s stake to 15%
  • Aramco said move is expected to improve Petro Rabigh’s balance sheet, cash liquidity, and profitability
By ARAB NEWS  ·

Opinion

Saad Dahlawi
A national initiative to rehabilitate contaminated sites
Author
Luke Coffey
Belarus would be wise to stay out of Putin’s war
Author
Sinem Cengiz
The new parameters of the Turkish-Egyptian thaw
Author
Dr. Azeem Ibrahim
US must be bold if Rohingya crisis is to be resolved
Author
Joseph S. Nye Jr.
What post-election US foreign policy might look like
Author
More in Opinion

Latest updates

Mexico arrests alleged drug boss linked to 43 missing students
Mexico arrests alleged drug boss linked to 43 missing students
Roberto Cavalli closes Dubai Fashion Week with bold animal prints, vibrant hues
Roberto Cavalli closes Dubai Fashion Week with bold animal prints, vibrant hues
Saudi-supported ‘Front Row’ screens in Toronto
Saudi-supported ‘Front Row’ screens in Toronto
Ukraine says Russia launched 67 drones in overnight attack
Ukraine says Russia launched 67 drones in overnight attack
Zelensky meets Meloni in Italy, presses for more arms
Zelensky meets Meloni in Italy, presses for more arms

Recommended

Saudi Arabia
How Saudi Arabia’s healthcare sector is tackling medical waste to align with the Kingdom’s green vision
How Saudi Arabia’s healthcare sector is tackling medical waste to align with the Kingdom’s green vision
Saudi Arabia
How a Saudi university’s AI solution is revolutionizing Red Sea coral conservation
How a Saudi university’s AI solution is revolutionizing Red Sea coral conservation
Middle-East
How the hostage killings in Gaza have deepened Israel’s political divisions
How the hostage killings in Gaza have deepened Israel’s political divisions

Search form

Print Edition
Read pdf version Subscribe now
© 2024 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement.