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Fahmy Sobha, an economist, said Aramco's potential acquisition of a stake in SABIC is another alternative investment opportunity for Aramco inside and out. Outside, adding that SABIC, in the field of innovative petrochemical industries will remain a strategic goal of Aramco with purely competitive dimensions. Aramco relies on its operations and revenues to drill, drill and refine global oil prices and fluctuations.SABIC relies on innovative manufacturing revenues from various petrochemicals, in large "The new value-added agreement supports and supports Aramco's competitive options, the margin of strategic security being that the growth rate of the petrochemical industry is 3% higher than growth, "he said. In the global economy.
Aramco recently sought to find strategic strengths complementary to drilling, refining and refining operations in order to advance in strategic thinking in order to acquire a stake in SABIC as a competitive force, Predicting the complementarity between the clbadic and the mint
"There will be predictable opportunities within and outside to overtake some international sectors, which means introducing Aramco with a new and unique concept that supports and increases the fair value of its business as a whole.
He explained that the acquisition up to now remains a nascent idea, has not affected stock trading, especially that the Smart investment funds are waiting to evaluate the potential positive market effects in the short period.
He said that in the short term The average will be reflected in many Among the potential positive effects in the market, as one of the main incentives that the world oil prices in the upward trend in the coming period are reflected in the markets, which take up to # 39, now the upward trend for most of its sectors "The announcement of the agreement will have a positive impact on the market, especially since the news is on the site of Tadawul since last Thursday, "said Mohammed al-Shammari, an economic badyst. All investors and traders in the market are aware that "Aramco" wishes to purchase an interest in SABIC, stating that this purchase will not affect the market since the purchase does not come directly from the market.
"But in any case, the announcement of the transaction will be positive about the future of Sabic in a fundamental and strategic perspective, Says that the statement of Aramco that the operation will have an impact on the launch of Aramco, which will reflect positively on the psychological side of investors and traders in the market. "
Aramco's approach to investing in global opportunities comes after a In-depth study of the actual returns that will take the company out of these opportunities, indicating that the potential transaction to buy in the SABIC and other local or global businesses, it will support the competitive position of Aramco and will benefit from SABIC's global expertise as a leader in the petrochemical industry on which many other industries depend.
Walid Al Rashed, Economic Researcher, (SABIC), the petrochemical industry on the local market, to make new profits after the announcement of the potential deal, especially since There are significant benefits from this acquisition, taking advantage of Aramco's global position, which opens up new global markets for SABIC.
and pointed out that "SABIC" will be the center of the eyes of investors during the coming period, which is positively reflected on the transactions and decisions of local and global investors, as well as the fact that The petrochemical industry generates attractive returns for investors, thanks to annual growth.
Al-Rashed explained that global companies are looking for strategic opportunities. The growth of the global economy, achieved by investing in the petrochemical industry, which achieves good growth rates relative to other global industrial sectors and making profits for investors, can be better than investment in the oil sector usually subject to oscillations "Aramco's approach to smart global investment will reinforce its problematic," he said, stressing that Aramco seeks to promote the principle of competitiveness by seeking local and global investments in various sectors, (SABIC), which achieves its fixed financial returns from innovative industrial products, and that its profits improve.
The engineer Amin Al-Nbader, president and CEO of Saudi Aramco, said that the company at an early stage "We are discussing with the Public Investment Fund the acquisition of & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; A strategic stake in SABIC, stating that it is generally at this initial stage that it can not be determined that the operation will take place. "
Al-Nbader revealed that Aramco is currently evaluating other acquisition opportunities, Aramco's strategic transformation program, launched in 2011, aims to transform Aramco from the the world's leading energy company into a leading company in the energy and chemicals sector.
There are two options in creating new projects (like a first-order project) or acquisition.
Saudi Aramco's strategy was to rebalance its group of activities which, in recent decades, has focused on oil and gas production to develop significantly in refining, processing, processing and processing. marketing and chemicals. The world leader in energy and chemicals. "There are many benefits to this change: integration, growth opportunities, added value, and diversification of revenue streams."
The Chemicals Sector Rises About 3%, Faster than the Global Economy or the total demand for fuel. He added: "Investing in chemicals is one way to support refining and marketing activities, which are also growing." 19659002 "We have a very ambitious aspiration in the long-term strategies of the company," he said. , Which is converting two to three million barrels of oil production to chemicals, this goal has several advantages, including increasing the value-added of each barrel, diversifying revenue streams and marketing oil in the long term outside the transport sector. Climate change because the end use of oil in the field of chemicals and not in the field of fuel helps to reduce carbon emissions. "
The company has sought to grow chemicals in two ways in recent years." Rabigh, and acquisition and acquisition transactions To buy a 50 percent stake in the German company Lanxis it Two years ago
Aramco is studying all the investment opportunities available at the national and global levels to develop its chemical business in accordance with its strategies.It is likely the acquisition of a strategic participation in SABIC, the world's third most prestigious Saudi company with which Saudi Aramco has distinguished relations since its inception. "
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