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The Public Investment Fund said that it was in preliminary discussions with Aramco to buy in Aramco a strategic stake in SABIC fund, but the case was still at a preliminary stage and could not be reached.
In response to media reports about Aramco's intention to buy a stake in Saudi Basic Industries Corporation (SABIC).
In a separate statement to Aramco, he stated that he was in compliance
The company confirmed that it had engaged in preliminary discussions with the Public Investment Fund regarding the acquisition of A strategic stake in SABIC through a private purchase of shares held by SABIC
. The talks are preliminary and there is no definitive confirmation of the transaction, explaining that Saudi Aramco does not plan to acquire SABIC shares directly from the Tadawul Saudi Stock Exchange.
The company announced that it would announce new developments in accordance with the regulations. In force, and through its official channels. © 2018
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