The acquisition by Aramco of part of SABIC revives the national economy

Saudi Aramco continues successfully the strategy of expansion and growth, meeting the aspirations of the company and aspiring to become the largest company in the world not only in the production of energy but also in refining, processing , marketing and chemistry. Hence the company's discussions with the Public Investment Fund to acquire a strategic stake in SABIC

The acquisition has many advantages and benefits for the two giants, who have many aspirations and programs for the future growth and expansion. The agreement is expected to support Aramco's projects and its ambition to become a leader in the petrochemical industry.

At the same time, SABIC will enjoy many benefits of the potential agreement, as well as positive aspects of the Kingdom's economic landscape and Vision 2030

Saudi Aramco Programs

The Saudi Aramco Company is reputed to consider each step carefully and carefully considering all the possibilities and challenges, as well as the benefits and benefits, When you are sure of the content Saudi Aramco enjoys a worldwide reputation in the oil and gas sector in because of its global position in terms of reserves, production and leadership in terms of costs and benefits. In the field of chemistry, Saudi Aramco has initiated global projects. A recent example is the Petro Rabigh and Sdara project (the largest petrochemical project in the world).

This potential transaction will contribute to synergy between the two companies and accelerate Saudi Aramco's ambitious plans to expand its global refining and petrochemical capabilities. With SABIC Saudi Aramco's strategy to convert crude oil into chemicals and improve its technology in this area. The expansion of Saudi Aramco in the refining and chemicals sector will help mitigate the impact of oil price fluctuations on its revenue from non-transportation revenue growth, the plastics sector .

Will strengthen the dependence on diverse human resources, allowing both companies to realize their future growth strategies by leveraging synergies across business sectors, including marketing, technology, research and technology. development and support services.

Kit for SABB The company is known as the third or fourth largest petrochemical company in the world and has a worldwide reputation as a leading manufacturer of various chemical products, such as large-scale products such as products Chemicals, Raw Materials, High Performance Plastics, Fertilizers

SABIC is present in more than 50 countries and has innovation centers in five major geographical areas (US, Europe, USA, Europe, Mal SABIC has significant strengths in the chemical sector

Saudi Aramco currently supplies SABIC in Saudi Arabia with fuel and values, whether derived from gas or refined products, or what it By establishing petrochemical complexes near Saudi Aramco refineries, SABIC's strengths in the field of chemicals and Saudi Aramco can be summarized in the ac exploration, production, refining, processing and marketing activities.

SABIC will also benefit from the opportunity to enter New markets benefiting from the presence of Saudi Aramco, as well as the synergy between marketing, research, development, technology and common services provided by a strategic owner of SABIC rather than an investor looking for a financial return.

This is a note The fund aims to create added value for the national economy by investing in emerging entities that are turning into giant national institutions, and SABIC was at its infancy, which is now a global entity. The transfer of SABIC's investment from the Public Investment Fund to Saudi Aramco will strengthen strategies and governance, as well as enhance the Fund's investment portfolio. The agreement will have a potential impact on Saudi Arabia, which will further diversify the Saudi economy and will benefit from greater integration between the activities of two companies, SABIC and Saudi Aramco. The agreement will contribute to the growth of new manufacturing industries, which help to increase domestic production, and provide thousands of jobs to Saudi youth.