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Benyan ... venture with Aramco going public

Sabic-Saudi Aramco-PIF venture may eventually go public

RIYADH, April 19, 2015

A venture between Saudi Basic Industries Corp, state oil giant Saudi Aramco and the government's Public Investment Fund may eventually go public, Sabic's acting chief executive Yousef Abdullah Al Benyan said.
 
Speaking at a news conference, Benyan said the idea was still in a very early stage and he did not give details.
 
Early last year the government approved the creation of the Saudi Arabian Company for Industrial Investment with capital of 2 billion riyals ($533 million), which would help to diversify the economy by focusing on manufacturing industries. -- Reuters
 



Tags: sabic | aramco |

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