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    2010   SA0007879121

SAUDI BASIC INDUSTRIES CORPORATION

(2010)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

JPMorgan, Morgan Stanley picked to advise on Aramco's SABIC deal: sources

07/23/2018 | 10:52am EDT

DUBAI (Reuters) - JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco's potential acquisition of a stake in petrochemical maker SABIC, four sources familiar with the matter said.

Late last week, Aramco confirmed a Reuters report that it was working on a possible purchase of a "strategic stake" in Saudi Basic Industries Corp (SABIC) from the Public Investment Fund, the country's main sovereign wealth fund.

Aramco and Morgan Stanley did not immediately respond to a Reuters request for comment. JPMorgan declined to comment.

(Reporting by Hadeel Al Sayegh, Tom Arnold and Rania El Gamal. Editing by Jane Merriman)


ę Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
JPMORGAN CHASE & CO. 1.14% 152.89 Delayed Quote.20.32%
MORGAN STANLEY 0.38% 96.6 Delayed Quote.40.42%
SAUDI ARABIAN OIL COMPANY 0.43% 35.1 End-of-day quote.0.29%
SAUDI BASIC INDUSTRIES CORPORATION 0.65% 123.2 End-of-day quote.21.50%
All news about SAUDI BASIC INDUSTRIES CORPORATION
08:23aSAUDI BASIC INDUSTRIES : SABIC's LNP™ THERMOCOMP™ compounds for adas..
PU
07/27SAUDI BASIC INDUSTRIES : ExxonMobil, SABIC Reach Mechanical Completion for Gulf ..
PU
07/15SAUDI BASIC INDUSTRIES : SABIC and DSM combine efforts to create DYNEEMA« produc..
PU
07/12Saudi Aramco drops Morgan Stanley on gas pipelines deal -sources
RE
07/08SAUDI BASIC INDUSTRIES : SABIC Celebrates 50th Anniversary of Moka Manufacturing..
PU
07/01SAUDI BASIC INDUSTRIES : SABIC board of director recommends distributting SR 5,2..
PU
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..
PU
06/30MARKET CHATTER : Aramco CFO to Step Down; Successor Named
MT
06/30SAUDI BASIC INDUSTRIES : SABIC's new LNP™ ELCRES™ EXL resin delivers..
PU
More news
Financials
Sales 2021 155 B 41 306 M 41 306 M
Net income 2021 17 675 M 4 714 M 4 714 M
Net Debt 2021 2 116 M 564 M 564 M
P/E ratio 2021 20,1x
Yield 2021 2,95%
Capitalization 370 B 98 560 M 98 568 M
EV / Sales 2021 2,40x
EV / Sales 2022 2,37x
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 12
Last Close Price 123,20 SAR
Average target price 112,77 SAR
Spread / Average Target -8,47%
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