Day: September 9, 2023

The Public Investment Fund (PIF) has today announced the signing of a share purchase agreement to acquire a 100% shareholding in the Saudi Iron & Steel Company (Hadeed) from the Saudi Basic Industries Corporation (SABIC). Based on a cross-conditional share exchange agreement, Hadeed will also acquire a 100% shareholding in AlRajhi Steel Industries Company (Rajhi

SABIC and SINOPEC announced the commercial operation of a new polycarbonate (PC) plant at their 50-50 joint venture (JV) – SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC). Khalid Hashim Al-Dabbagh, SABIC Chairman and Ma Yongsheng, SINOPEC Chairman attended the ceremony. Established in 2009, SSTPC is a mega-size petrochemical complex that already consists of nine world-scale