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    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 EDT
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.
SAUDI ARABIAN OIL COMPANY -0.29% 34.75 End-of-day quote.-0.71%
SAUDI BASIC INDUSTRIES CORPORATION 0.00% 121 End-of-day quote.19.33%
All news about SAUDI BASIC INDUSTRIES CORPORATION
07/27SAUDI BASIC INDUSTRIES : ExxonMobil, SABIC Reach Mechanical Completion for Gulf ..
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07/15SAUDI BASIC INDUSTRIES : SABIC and DSM combine efforts to create DYNEEMA® produc..
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07/12Saudi Aramco drops Morgan Stanley on gas pipelines deal -sources
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07/08SAUDI BASIC INDUSTRIES : SABIC Celebrates 50th Anniversary of Moka Manufacturing..
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07/01SAUDI BASIC INDUSTRIES : SABIC board of director recommends distributting SR 5,2..
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07/01KHALID AL-DABBAGH : Aramco CFO Khalid al-Dabbagh steps down
RE
07/01SAUDI BASIC INDUSTRIES : SABIC named global company of the year for its contribu..
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06/30MARKET CHATTER : Aramco CFO to Step Down; Successor Named
MT
06/30SAUDI BASIC INDUSTRIES : SABIC's new LNP™ ELCRES™ EXL resin delivers..
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06/23SAUDI BASIC INDUSTRIES : SABIC-BASF Forum highlights joint efforts to transition..
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More news
Financials
Sales 2021 155 B 41 299 M 41 299 M
Net income 2021 17 675 M 4 713 M 4 713 M
Net Debt 2021 2 116 M 564 M 564 M
P/E ratio 2021 19,7x
Yield 2021 3,01%
Capitalization 363 B 96 795 M 96 792 M
EV / Sales 2021 2,36x
EV / Sales 2022 2,33x
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 12
Last Close Price 121,00 SAR
Average target price 112,77 SAR
Spread / Average Target -6,80%
EPS Revisions
Managers and Directors
Yousef bin Abdullah Al-Benyan Vice Chairman & Chief Executive Officer
Timothy D. Leveille Executive Vice President-Corporate Finance
Khalid Hashim Al-Dabbagh Chairman
Bob Maughon Executive Vice President-Technology & Innovation
Khaled Hamza Nahas Independent Director
Sector and Competitors