COGNICURRENT

Jan 8 • 18:59 UTC • 🇶🇦 Qatar • Al Jazeera

SABIC sells its operations in Europe and the Americas for $950 million

Saudi Basic Industries Corporation (SABIC) has agreed to sell 100% of its shares in SABIC Europe and its entire stake in the thermoplastic engineering segment in the Americas and Europe for a total of $950 million amid a restructuring process due to sluggish sector performance.

#sabic #saudi arabia #business #europe #americas

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