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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Basic Industries Corporation    2010   SA0007879121

SAUDI BASIC INDUSTRIES CORPORATION

(2010)
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Aramco to pay $69.1 billion SABIC acquisition in tranches: document

04/01/2019 | 03:23am EST
FILE PHOTO: An Aramco tank is seen at Saudi Aramco's Ras Tanura oil refinery and oil terminal

DUBAI (Reuters) - Saudi Aramco intends to pay for its $69.1 billion (£53 billion) acquisition of a majority stake in Saudi Basic Industries Corp's (SABIC) in separate tranches, according to a presentation given by Aramco to bond investors that was seen by Reuters.

The world's biggest oil producer intends to pay 50 percent of the acquisition price at the closing of the SABIC deal, while the remainder will be paid over a two-year period from internal cash generation and, potentially, other sources, according to the document.

Aramco this week will meet global bond investors ahead of its first international bond sale after obtaining its first credit ratings from Moody's and Fitch.

The SABIC acquisition will have no impact on Aramco's rating, according to the investor presentation.

(Reporting by Davide Barbuscia, editing by Louise Heavens)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
LINE CORPORATION 0.00% 5350 End-of-day quote.0.00%
SAUDI ARABIAN OIL COMPANY -0.57% 34.75 End-of-day quote.-0.71%
SAUDI BASIC INDUSTRIES CORPORATION -0.19% 102.4 End-of-day quote.0.99%
All news about SAUDI BASIC INDUSTRIES CORPORATION
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01/12YEAR-IN-REVIEW : SABIC IN ROA Supports Communities AMIDST COVID-19 Challenges
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2020SABIC seeks Clariant chairman's ouster in post-Christmas coup
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2020SAUDI BASIC INDUSTRIES : NUSANED Investment™ signs deal to promote local p..
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2020SAUDI BASIC INDUSTRIES : SABIC Joins Forces With KRAUSSMAFFEI'S High-Performance..
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More news
Financials
Sales 2020 118 B 31 407 M 31 407 M
Net income 2020 2 861 M 763 M 763 M
Net Debt 2020 11 362 M 3 029 M 3 029 M
P/E ratio 2020 171x
Yield 2020 3,18%
Capitalization 305 B 81 241 M 81 263 M
EV / Sales 2020 2,68x
EV / Sales 2021 2,40x
Nbr of Employees 35 000
Free-Float 30,0%
Chart SAUDI BASIC INDUSTRIES CORPORATION
Duration : Period :
Saudi Basic Industries Corporation Technical Analysis Chart | 2010 | SA0007879121 | MarketScreener
Technical analysis trends SAUDI BASIC INDUSTRIES CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 87,61 SAR
Last Close Price 101,60 SAR
Spread / Highest target 10,2%
Spread / Average Target -13,8%
Spread / Lowest Target -31,1%
EPS Revisions
Managers and Directors
NameTitle
Yousef bin Abdullah Al-Benyan Vice Chairman & Chief Executive Officer
Khalid H. Al-Dabbagh Chairman
Timothy D. Leveille Executive Vice President-Corporate Finance
Bob Maughon Executive Vice President-Technology & Innovation
Abdullah Mohammed bin Ibrahim Al-Issa Non-Executive Director
Sector and Competitors