SentenceSentimentTitleUrlDate
March 27 2019 Saudi Aramco says it would buy SABIC in billion chemicals mega deal PositiveSaudi Arabias state oil company finally kickstarted its initial public offering on Sunday announcing its intention to list nearly four years after Crown Prince Mohammed bin Salman first floated the idea http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-aramco-ipo-timeline/timeline-saudi-aramcos-winding-road-to-an-ipo-idUSKBN1XD07D2019-11-04
Aramco agreed to acquire SABIC in a PositiveRIYADH A drone attack on Saudi Aramco oil facilities last month is expected to affect 400000500000 tonnes of petrochemicals products the chief executive of Saudi Basic Industries Corp said on Sunday http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-sabic-results-aramco/sabic-ceo-aramco-attacks-affected-up-to-500000-t-of-products-idUSKBN1X606W2019-10-27
SABIC also warned that the new capacity in key products lines that have pressured its product prices and margins this year would persist into 2020 NegativeSaudi Basic Industries Corp http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-sabic-results/saudi-sabic-records-400-million-impairment-loss-on-clariant-third-quarter-profit-plunges-idUSKBN1X606Y2019-10-27
Also a lot depends on the integration of SABIC and how convincing that story is PositiveSaudi Crown Prince Mohammed Bin Salman is insisting on a trillion valuation of oil firm Aramco even though some bankers and company insiders say the kingdom should trim its target to around http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-aramco-ipo-exclusive/exclusive-saudi-aramco-valuation-gap-persists-as-ipo-talks-resume-sources-idUSKCN1UX1PD2019-08-08
If they structure the SABIC integration properly it will increase the value of the company PositiveSaudi Crown Prince Mohammed Bin Salman is insisting on a trillion valuation of oil firm Aramco even though some bankers and company insiders say the kingdom should trim its target to around http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-aramco-ipo-exclusive/exclusive-saudi-aramco-valuation-gap-persists-as-ipo-talks-resume-sources-idUSKCN1UX1PD2019-08-08
SABIC which holds of Clariant and the Swiss company have been working to combine Clariants additives and specialty masterbatches businesses with parts of SABICs specialty chemicals operation NeutralSABIC which holds of Clariant and the Swiss company have been working to combine Clariants additives and specialty masterbatches businesses with parts of SABICs specialty chemicals operation http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic/clariant-sabic-halt-talks-to-form-chemicals-venture-idUSKCN1UK0ID2019-07-25
He added that recent Aramco acquisition of a majority stake in petrochemical giant SABIC would help its growth potentials and profitability amid usual oil market volatility Positivedetails http://www.reuters.com/finance/markets/article/saudi-crown-prince-economy/update-1-saudi-crown-prince-says-to-finalise-533-mln-privatisation-deals-this-year-asharq-al-awsat-idUSL8N23M0S02019-06-16
Aramco however said the bond issue was not linked to the SABIC acquisition which will be paid in tranches through internal cash flow and potentially other resources NegativeDUBAI Saudi Aramco is set to raise billion with its first international bond issue after receiving more than billion in orders a record breaking vote of market confidence for the oil giant which has faced investor concerns about government influence over the company http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-bond-demand/aramco-sells-12-billion-bonds-out-of-record-100-billion-demand-idUSKCN1RL0NF2019-04-10
The debt sale will help it finance its acquisition of a stake in SABIC the worlds fourthlargest petrochemicals maker NegativeDUBAI Saudi Aramco the worlds top oil producer has been rated by Fitch and A1 by Moodys in its firstever credit ratings ahead of the state oil giants first global bond sale and following 2018 earnings that dwarfed those of international oil majors http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-aramco-fitch/saudi-aramco-gets-first-credit-ratings-ahead-of-bond-debut-idUSKCN1RD15E2019-04-01
Our assumption is that the SABIC sale will boost PIFs investments in the second half of the she said PositiveDUBAI March 31 Saudi Arabias economy grew in the fourth quarter of last year at its fastest rate since early 2016 due to an expansion in the oil sector while nonoil growth was sluggish statistics agency data showed on Sunday http://www.reuters.com/finance/markets/article/saudi-gdp/saudi-economy-expands-in-q4-on-boost-from-crude-non-oil-growth-slows-idUSL8N21I0BL2019-03-31
RIYADH Saudi Basic Industries Corps investment plans will not be affected by oil giant Aramcos purchase of a 70 percent stake in the company its chief executive said on Friday adding SABIC would look to integrate assets with Aramco to boost growth PositiveRIYADH Saudi Basic Industries Corps investment plans will not be affected by oil giant Aramcos purchase of a 70 percent stake in the company its chief executive said on Friday adding SABIC would look to integrate assets with Aramco to boost growth http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-aramco-sabic-m-a-interview/saudis-sabic-sticking-with-growth-plans-will-discuss-synergies-with-aramco-idUSKCN1RA1JO2019-03-30
Aramco and SABIC have petrochemicals production capacity of 17 and 62 million tons per year respectively NeutralRIYADH Saudi Basic Industries Corps investment plans will not be affected by oil giant Aramcos purchase of a 70 percent stake in the company its chief executive said on Friday adding SABIC would look to integrate assets with Aramco to boost growth http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-aramco-sabic-m-a-interview/saudis-sabic-sticking-with-growth-plans-will-discuss-synergies-with-aramco-idUSKCN1RA1JO2019-03-30
Aramco and SABIC have petrochemicals production capacity of 17 and 62 million tons per year respectively NeutralRIYADH Saudi Basic Industries Corps investment plans will not be affected by oil giant Aramcos purchase of a 70 percent stake in the company its chief executive said on Friday adding SABIC would look to integrate assets with Aramco to boost growth http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-aramco-sabic-m-a-interview/saudis-sabic-sticking-with-growth-plans-will-discuss-synergies-with-aramco-idUSKCN1RA1JO2019-03-30
Aramco and SABIC have petrochemicals production capacity of 17 and 62 million tons per year respectively NeutralRIYADH Saudi Basic Industries Corps investment plans will not be affected by oil giant Aramcos purchase of a 70 percent stake in the company its chief executive said on Friday adding SABIC would look to integrate assets with Aramco to boost growth http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-aramco-sabic-m-a-interview/saudis-sabic-sticking-with-growth-plans-will-discuss-synergies-with-aramco-idUSKCN1RA1JO2019-03-30
SABIC and Aramco said in a statement the agreed purchase price was 123 PositiveThe worlds largest oil producer Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp from the kingdoms wealth fund for http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-to-buy-sabic-in-69-billion-chemicals-megadeal-idUSKCN1R81QU2019-03-28
Aramco said it has no plans to buy the remaining shares in SABIC the worlds fourthbiggest petrochemicals firm NegativeThe worlds largest oil producer Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp from the kingdoms wealth fund for http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-to-buy-sabic-in-69-billion-chemicals-megadeal-idUSKCN1R81QU2019-03-28
Saudi Aramco and SABIC have petrochemicals production capacity of 17 and 62 million tons per year respectively NeutralThe worlds largest oil producer Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp from the kingdoms wealth fund for http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-to-buy-sabic-in-69-billion-chemicals-megadeal-idUSKCN1R81QU2019-03-28
Aramco is expected to issue its first international bond over the coming weeks a deal which is likely to partly back the SABIC acquisition sources previously told Reuters PositiveThe worlds largest oil producer Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp from the kingdoms wealth fund for http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-to-buy-sabic-in-69-billion-chemicals-megadeal-idUSKCN1R81QU2019-03-28
Saudi Aramcos board is set to meet this week in Saudi Arabia where it will approve a bond issuance plan that will likely help finance a potential acquisition of a strategic stake in Saudi petrochemicals maker SABIC industry sources said PositiveSaudi Aramcos board is set to meet this week in Saudi Arabia where it will approve a bond issuance plan that will likely help finance a potential acquisition of a strategic stake in Saudi petrochemicals maker SABIC industry sources said http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-aramco-bonds/saudi-aramcos-board-to-meet-to-approve-sabic-bond-plan-sources-idUSKBN1QS0HF2019-03-11
SABIC is progressing but any project of this size takes a long said one of the sources PositiveSaudi Aramcos board is set to meet this week in Saudi Arabia where it will approve a bond issuance plan that will likely help finance a potential acquisition of a strategic stake in Saudi petrochemicals maker SABIC industry sources said http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-aramco-bonds/saudi-aramcos-board-to-meet-to-approve-sabic-bond-plan-sources-idUSKBN1QS0HF2019-03-11
SABIC will continue to boost its presence in its major markets the U.S. and China he added PositiveSaudi Basic Industries Corp expects to face challenges this year due to uncertainty over the impact of a global trade war on the United States and China its major markets the companys chief executive said on Sunday http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-sabic-results/sabic-says-challenges-remain-views-aramco-deal-positively-idUSKCN1PL06W2019-01-28
He said SABIC will continue to raise its presence in Africa as it is seen a very promising market PositiveSaudi Basic Industries Corp expects to face challenges this year due to uncertainty over the impact of a global trade war on the United States and China its major markets the companys chief executive said on Sunday http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-sabic-results/sabic-says-challenges-remain-views-aramco-deal-positively-idUSKCN1PL06W2019-01-28
SABICs biggest shareholder the Public Investment Fund is in talks to sell its majority stake to Saudi national oil giant Aramco PositiveSaudi Basic Industries Corp expects to face challenges this year due to uncertainty over the impact of a global trade war on the United States and China its major markets the companys chief executive said on Sunday http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-sabic-results/sabic-says-challenges-remain-views-aramco-deal-positively-idUSKCN1PL06W2019-01-28
That was lower than the average forecast of three analysts polled by Refinitiv who expected SABIC to post a net profit of 4 NegativeSaudi Basic Industries Corp expects to face challenges this year due to uncertainty over the impact of a global trade war on the United States and China its major markets the companys chief executive said on Sunday http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-sabic-results/sabic-says-challenges-remain-views-aramco-deal-positively-idUSKCN1PL06W2019-01-28
Shares of SABIC were trading 0 NegativeSaudi Basic Industries Corp expects to face challenges this year due to uncertainty over the impact of a global trade war on the United States and China its major markets the companys chief executive said on Sunday http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-sabic-results/sabic-says-challenges-remain-views-aramco-deal-positively-idUSKCN1PL06W2019-01-28
We are trying to close the transaction with SABIC soon NegativeDAVOS Switzerland Saudi Aramco the worlds top oil producer is looking to acquire natural gas assets in the United States and is willing to spend billions of there as it aims to become a global gas player the companys CEO said on Tuesday http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-davos-meeting-aramco/saudi-aramco-eyes-multi-billion-dollar-u-s-gas-acquisitions-ceo-idUSKCN1PG1W12019-01-23
In September Clariant announced it would combine activities like additives and highervalue specialty masterbatches with parts of SABICs specialty chemicals in a new joint venture called High Performance Materials NegativeThe pigments industry has suffered from price pressure as Asian firms have taken market share although more stringent environmental rules in China and India give Clariant an edge http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-clariant-divestiture/clariant-begins-2020-sale-plan-with-search-for-pigments-buyer-idUSKCN1P31Q82019-01-10





SentenceSentimentTitleUrlDate
Rajhi SABIC send Saudi to highest level in a month NegativeRajhi SABIC send Saudi to highest level in a month http://www.reuters.com/finance/markets/article/mideast-stocks/mideast-stocks-saudi-hits-one-month-high-global-telecom-drags-egypt-down-idUSL8N1Y70EG2018-12-03
AlFalih added that the sale of stake in petrochemicals firm SABIC to state oil giant Saudi Aramco is subject to regulatory conditions NegativeDUBAI Saudi Energy Minister Khalid AlFalih said on Thursday he expected the details of the Saudi Basic Industries Corp deal to be finalised within the first half of 2019 Saudi state TV alEkhbariya quoted him as saying http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-investment-sabic/saudi-energy-minister-expects-sabics-stake-purchase-to-be-finalized-in-first-half-of-2019-al-ekhbariya-tv-idUSKCN1MZ0YW2018-10-25
Nasser also said bankers had not expressed any concerns about a recent rise in Saudi funding costs ahead of the companys potential acquisition of the SABIC stake NegativeRIYADH Saudi Aramco aims to allocate some 23 million barrels per day of its crude oil production to petrochemicals CEO Amin Nasser said on Tuesday a sign the state energy group is hedging its bets against a possible demand slowdown http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-saudi-investment-aramco-sabic/aramco-to-shift-more-crude-production-to-petrochemicals-idUSKCN1MX1HJ2018-10-24
Aramco hired JP Morgan and Morgan Stanley to advise on a potential acquisition of a 70 percent stake in Saudi Arabias SABIC sources told Reuters in July NegativeRIYADH The chief executive of oil giant Saudi Aramco said on Tuesday that bankers had not expressed any concerns about a recent rise in Saudi funding costs ahead of the companys potential acquisition of a stake in petrochemical firm Saudi Basic Industries Corp 2010 http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-saudi-investment-aramco/saudi-aramco-ceo-says-bankers-have-not-raised-concerns-about-funding-costs-on-sabic-deal-idUSKCN1MX1312018-10-24
Moodys assigns A1 ratings to SABICs proposed ratings affirmed NegativeDUBAI Sept 25 Here are some factors that may affect Middle East stock markets on Tuesday http://www.reuters.com/subjects/autos/article/mideast-factors/mideast-factors-to-watch-september-25-idUSL8N1WB0AN2018-09-25
Reuters reported in June that SABIC the worlds fourthlargest chemicals maker was considering increasing its holding in Clariant and pursuing joint ventures NegativeReuters reported in June that SABIC the worlds fourthlargest chemicals maker was considering increasing its holding in Clariant and pursuing joint ventures http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-clariant-sabic/clariant-sabic-tighten-links-under-new-partnership-idUSKCN1LY1BB2018-09-18
Clariant will hold a majority stake in the new business which combines its Additives and highvalue Masterbatches divisions with parts of SABICs Specialties business NegativeReuters reported in June that SABIC the worlds fourthlargest chemicals maker was considering increasing its holding in Clariant and pursuing joint ventures http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-clariant-sabic/clariant-sabic-tighten-links-under-new-partnership-idUSKCN1LY1BB2018-09-18
SABIC is the third company to announce a large chemical investment in China over the past two months NeutralBEIJING Saudi Basic Industries Corp on Tuesday signed a memorandum of understanding with Chinas Fujian provincial government to build a petrochemical complex http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-sabic-china/saudis-sabic-signs-mou-to-build-petrochemical-complex-in-china-idUSKCN1LR0L82018-09-11
SABIC is already a partner with Chinese state oil and gas firm Sinopec Corp in an ethylene plant owned by Sinopecs Tianjin Petrochemical Corp PositiveBEIJING Saudi Basic Industries Corp on Tuesday signed a memorandum of understanding with Chinas Fujian provincial government to build a petrochemical complex http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-sabic-china/saudis-sabic-signs-mou-to-build-petrochemical-complex-in-china-idUSKCN1LR0L82018-09-11
SABIC has long been a customer of Clariant and the two companies have a plant design joint venture called Scientific Design NegativeZURICH Saudi Basic Industries Corp 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic-approvals/clariant-says-nod-for-sabic-stake-buy-clears-way-for-strategic-update-idUSKCN1LQ0F82018-09-10
DUBAI Sept 10 Saudi Arabias Public Investment Fund has selected Goldman Sachs Co to advise on the sale of its stake in petrochemicals firm SABIC to state oil company Saudi Aramco two sources familiar with the process told Reuters on Monday NegativeDUBAI Sept 10 Saudi Arabias Public Investment Fund has selected Goldman Sachs Co to advise on the sale of its stake in petrochemicals firm SABIC to state oil company Saudi Aramco two sources familiar with the process told Reuters on Monday http://www.reuters.com/finance/markets/article/saudi-banks-sabic/saudis-pif-selects-goldman-sachs-as-adviser-on-sabic-sale-sources-idUSL5N1VW1PP2018-09-10
Citigroup Inc won the mandate to advise SABIC on the transaction the sources said PositiveDUBAI Sept 10 Saudi Arabias Public Investment Fund has selected Goldman Sachs Co to advise on the sale of its stake in petrochemicals firm SABIC to state oil company Saudi Aramco two sources familiar with the process told Reuters on Monday http://www.reuters.com/finance/markets/article/saudi-banks-sabic/saudis-pif-selects-goldman-sachs-as-adviser-on-sabic-sale-sources-idUSL5N1VW1PP2018-09-10
Goldman Sachs the PIF and SABIC were not available for immediate comment NegativeDUBAI Sept 10 Saudi Arabias Public Investment Fund has selected Goldman Sachs Co to advise on the sale of its stake in petrochemicals firm SABIC to state oil company Saudi Aramco two sources familiar with the process told Reuters on Monday http://www.reuters.com/finance/markets/article/saudi-banks-sabic/saudis-pif-selects-goldman-sachs-as-adviser-on-sabic-sale-sources-idUSL5N1VW1PP2018-09-10
Riyadhlisted SABIC the worlds fourth largest petrochemicals company has a market capitalisation of 385 NegativeDUBAI Sept 10 Saudi Arabias Public Investment Fund has selected Goldman Sachs Co to advise on the sale of its stake in petrochemicals firm SABIC to state oil company Saudi Aramco two sources familiar with the process told Reuters on Monday http://www.reuters.com/finance/markets/article/saudi-banks-sabic/saudis-pif-selects-goldman-sachs-as-adviser-on-sabic-sale-sources-idUSL5N1VW1PP2018-09-10
DUBAI Saudi Arabias sovereign wealth fund has chosen Goldman Sachs Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco sources familiar with the process said NegativeDUBAI Saudi Arabias sovereign wealth fund has chosen Goldman Sachs Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco sources familiar with the process said http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-banks-sabic/saudi-sovereign-fund-picks-goldman-baml-klein-for-sabic-sale-sources-idUSKCN1LQ0XG2018-09-10
Stateowned oil company Aramco plans to buy a controlling stake in SABIC possibly taking the sovereign Public Investment Funds entire 70 percent holding NegativeDUBAI Saudi Arabias sovereign wealth fund has chosen Goldman Sachs Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco sources familiar with the process said http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-banks-sabic/saudi-sovereign-fund-picks-goldman-baml-klein-for-sabic-sale-sources-idUSKCN1LQ0XG2018-09-10
If Aramco acquires the full SABIC stake valued at around billion it will be the kingdoms biggest deal and provide a boost to the oil majors downstream business NeutralDUBAI Saudi Arabias sovereign wealth fund has chosen Goldman Sachs Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco sources familiar with the process said http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-banks-sabic/saudi-sovereign-fund-picks-goldman-baml-klein-for-sabic-sale-sources-idUSKCN1LQ0XG2018-09-10
Proceeds from the sale of Riyadhlisted SABIC the worlds fourth largest petrochemicals company are likely to help fund planned investments at home and abroad NegativeDUBAI Saudi Arabias sovereign wealth fund has chosen Goldman Sachs Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco sources familiar with the process said http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-banks-sabic/saudi-sovereign-fund-picks-goldman-baml-klein-for-sabic-sale-sources-idUSKCN1LQ0XG2018-09-10
The PIF and SABIC were not available for immediate comment NegativeDUBAI Saudi Arabias sovereign wealth fund has chosen Goldman Sachs Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco sources familiar with the process said http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-banks-sabic/saudi-sovereign-fund-picks-goldman-baml-klein-for-sabic-sale-sources-idUSKCN1LQ0XG2018-09-10
DUBAI Bank of America Merrill Lynch and Michael Klein have won roles advising Saudi Arabias Public Investment Fund on the sale of its stake in petrochemicals firm SABIC to state oil company Saudi Aramco a source familiar with the matter said on Monday NegativeDUBAI Bank of America Merrill Lynch and Michael Klein have won roles advising Saudi Arabias Public Investment Fund on the sale of its stake in petrochemicals firm SABIC to state oil company Saudi Aramco a source familiar with the matter said on Monday http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-banks-sabic-pif/baml-michael-klein-win-roles-advising-pif-on-sabic-sale-source-idUSKCN1LQ1H92018-09-10
However gaining a regulatory nod from countries including Mexico and Brazil has pushed back closure of SABICs stock purchase by nine months NegativeZURICH Saudi Basic Industries Corp 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic-approvals/clariant-sabic-to-deepen-alliance-as-regulators-back-stake-deal-idUSKCN1LQ0F82018-09-10
SABIC shares which have risen by about 17 percent this year were down 1 percent NegativeZURICH Saudi Basic Industries Corp 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic-approvals/clariant-sabic-to-deepen-alliance-as-regulators-back-stake-deal-idUSKCN1LQ0F82018-09-10
SABIC has long been a Clariant customer and the two have a plant design joint venture called Scientific Design which generates shared revenue of about million annually NegativeZURICH Saudi Basic Industries Corp 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic-approvals/clariant-sabic-to-deepen-alliance-as-regulators-back-stake-deal-idUSKCN1LQ0F82018-09-10
Yousef AlBenyan SABICs CEO said the companies knew each other and had worked well together for many years NegativeZURICH Saudi Basic Industries Corp 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic-approvals/clariant-sabic-to-deepen-alliance-as-regulators-back-stake-deal-idUSKCN1LQ0F82018-09-10
This investment is in line with SABICs strategy of product diversification NegativeZURICH Saudi Basic Industries Corp 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic-approvals/clariant-sabic-to-deepen-alliance-as-regulators-back-stake-deal-idUSKCN1LQ0F82018-09-10
They were instead asked to present proposals for Aramcos acquisition of a stake in petrochemicals giant SABIC from the sovereign wealth fund PIF a banking source said NegativeLONDON The king spoke and a trillion dream went up in smoke http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-aramco-ipo-king-exclusive/exclusive-saudi-king-tipped-the-scale-against-aramco-ipo-plans-idUSKCN1LC1MX2018-08-28
Transferring SABICs ownership from the PIF to Saudi Aramco will enable PIF to boost strategies and governance and enhance PIFs investment the official said NegativeLONDON The king spoke and a trillion dream went up in smoke http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-aramco-ipo-king-exclusive/exclusive-saudi-king-tipped-the-scale-against-aramco-ipo-plans-idUSKCN1LC1MX2018-08-28
Spokeswomen for JPMorgan and Morgan Stanley declined to comment on whether their banks have any role in the SABIC deal NegativeLONDON The king spoke and a trillion dream went up in smoke http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-aramco-ipo-king-exclusive/exclusive-saudi-king-tipped-the-scale-against-aramco-ipo-plans-idUSKCN1LC1MX2018-08-28
At market prices the sale of the PIFs entire 70 percent stake in SABIC to Saudi Aramco would raise about billion NegativeSaudi Arabias decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to finance reforms to strengthen the economy bankers and investors say http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-saudi-aramco-ipo-reforms/shelved-aramco-ipo-hits-at-heart-of-saudi-princes-reforms-idUSKCN1L90ZK2018-08-24
This month Aramco confirmed a Reuters report that it was working on the possible purchase of a strategic in SABIC from the Public Investment Fund NegativeRIYADH Talks on the potential acquisition of a stake in Saudi Basic Industries Corp 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-sabic-aramco-m-a/saudis-sabic-ceo-says-aramco-acquisition-talks-are-only-with-pif-idUSKBN1KJ06U2018-07-29
SE are taking place solely between national oil firm Saudi Aramco and the kingdoms top sovereign wealth fund SABICs chief executive said on Sunday NegativeRIYADH Talks on the potential acquisition of a stake in Saudi Basic Industries Corp 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-sabic-aramco-m-a/saudis-sabic-ceo-says-aramco-acquisition-talks-are-only-with-pif-idUSKBN1KJ06U2018-07-29
But Kottmann said that SABIC had not changed its tone since January when it said it had no current plans to launch a full takeover NegativeIf they change their position they will let us Kottmann said adding any talk of such a deal was premature especially before the two have had detailed talks http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-results/clariants-update-on-sabic-tie-up-faces-delay-ceo-says-idUSKBN1KF1I52018-07-25
SABICs purchase has triggered speculation about a full takeover of Clariant NegativeIf they change their position they will let us Kottmann said adding any talk of such a deal was premature especially before the two have had detailed talks http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-results/clariants-update-on-sabic-tie-up-faces-delay-ceo-says-idUSKBN1KF1I52018-07-25
The SABIC deal would boost Aramcos valuation giving it access to petrochemicals assets domestically and abroad the sources said NegativeDUBAI A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects according to three sources familiar with the matter http://www.reuters.com/finance/article/us-saudi-aramco-ipo-delay/sabic-deal-lets-saudi-arabia-delay-aramco-ipo-spend-on-growth-sources-idUSKBN1KD12S2018-07-23
There is no doubt that the potential acquisition of a strategic stake in SABIC NeutralDUBAI A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects according to three sources familiar with the matter http://www.reuters.com/finance/article/us-saudi-aramco-ipo-delay/sabic-deal-lets-saudi-arabia-delay-aramco-ipo-spend-on-growth-sources-idUSKBN1KD12S2018-07-23
Riyadhlisted SABIC the worlds fourthbiggest petrochemicals firm has a market capitalisation of 385 NegativeNo final decision has been made on the size of the stake as discussions are at a very early stage they added http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-sabic-m-a-saudi-aramco/jpmorgan-morgan-stanley-picked-to-advise-on-aramcos-sabic-deal-sources-idUSKBN1KD0NL2018-07-23
RIYADH Saudi Aramcos potential acquisition of a stake in petrochemicals maker SABIC would affect the timeframe of its own planned initial public offering the firms chief executive Amin Nasser said in a TV interview NegativeRIYADH Saudi Aramcos potential acquisition of a stake in petrochemicals maker SABIC would affect the timeframe of its own planned initial public offering the firms chief executive Amin Nasser said in a TV interview http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-sabic-m-a-aramco/aramcos-potential-sabic-deal-to-affect-ipo-timing-ceo-says-in-interview-idUSKBN1KA2M22018-07-23
Riyadhlisted SABIC the worlds fourthbiggest petrochemicals firm has a market capitalization of 385 NegativeDUBAI Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-sabic-m-a-saudi-aramco/saudi-aramco-aims-to-buy-controlling-stake-in-sabic-sources-idUSKBN1KD0NL2018-07-23
DUBAI Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC 2010 NegativeDUBAI Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-sabic-m-a-saudi-aramco/saudi-aramco-aims-to-buy-controlling-stake-in-sabic-sources-idUSKBN1KD0NL2018-07-23
Aramco invited the banks to pitch for a potential SABIC deal last month the sources told Reuters on Wednesday declining to be identified due to commercial sensitivities NegativeDUBAI Saudi Aramco IPOARAM.SE said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC 2010 http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-in-talks-to-buy-stake-in-worlds-no-4-chemical-firm-idUSKBN1K90JY2018-07-19
Shares in SABIC the largest listed company in the Gulf were down by 0 NegativeDUBAI Saudi Aramco IPOARAM.SE said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC 2010 http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-in-talks-to-buy-stake-in-worlds-no-4-chemical-firm-idUSKBN1K90JY2018-07-19
Riyadhlisted SABIC the worlds fourthbiggest petrochemicals company is 70 percent owned by the PIF Saudi Arabias top sovereign wealth fund NegativeDUBAI Saudi Aramco IPOARAM.SE said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC 2010 http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-in-talks-to-buy-stake-in-worlds-no-4-chemical-firm-idUSKBN1K90JY2018-07-19
DUBAI Saudi Aramco IPOARAM.SE said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC 2010 NegativeDUBAI Saudi Aramco IPOARAM.SE said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC 2010 http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-in-talks-to-buy-stake-in-worlds-no-4-chemical-firm-idUSKBN1K90JY2018-07-19
Aramco made the invitation for the SABIC deal to the banks last month said the sources declining to be identified due to commercial sensitivities NeutralDUBAI Saudi Aramco said on Thursday it is looking to buy a stake in Saudi petrochemical maker SABIC a move that could boost the state oil giants market valuation ahead of a planned initial public offering http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-in-talks-for-stake-in-worlds-no-4-chemical-firm-idUSKBN1K90JY2018-07-19
DUBAI Saudi Aramco said on Thursday it is looking to buy a stake in Saudi petrochemical maker SABIC a move that could boost the state oil giants market valuation ahead of a planned initial public offering NegativeDUBAI Saudi Aramco said on Thursday it is looking to buy a stake in Saudi petrochemical maker SABIC a move that could boost the state oil giants market valuation ahead of a planned initial public offering http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-aramco-sabic-m-a/saudi-aramco-in-talks-for-stake-in-worlds-no-4-chemical-firm-idUSKBN1K90JY2018-07-19
DUBAI Saudi Arabias government is considering a plan under which Aramco would buy a stake in Saudi petrochemical maker SABIC 2010 NegativeDUBAI Saudi Arabias government is considering a plan under which Aramco would buy a stake in Saudi petrochemical maker SABIC 2010 http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-aramco-sabic-m-a-exclusive/exclusive-saudi-aramco-mulls-stake-in-worlds-no-4-chemical-firm-sources-idUSKBN1K81UL2018-07-18
SABIC financials see profit taking in Saudi Positivehttp://www.reuters.com/finance/markets/article/mideast-stocks/mideast-stocks-oil-price-hit-saudi-market-dubai-hurt-by-property-stocks-idUSL8N1TY3ZL2018-07-02
SABICs narrative is clearly not to stay at 25 percent and do a person close to the matter said adding that a combination of businesses would precede any potential merger Negativehttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-m-a-sabic/saudi-arabias-sabic-working-on-tightening-clariant-ties-sources-idUSKBN1JO2CF2018-06-28
In January SABIC said it had no current plans to launch a full takeover of Clariant Neutralhttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-m-a-sabic/saudi-arabias-sabic-working-on-tightening-clariant-ties-sources-idUSKBN1JO2CF2018-06-28
While SABICs purchase of a stake in Clariant ended the Swiss firms fight with activist investors it must be vetted by regulators in countries including Brazil Germany and Austria Neutralhttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-m-a-sabic/saudi-arabias-sabic-working-on-tightening-clariant-ties-sources-idUSKBN1JO2CF2018-06-28
Clariants boss Hariolf Kottmann told investors in March that management viewed SABICs commitment as very and a strategic update would be provided in September Negativehttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-m-a-sabic/saudi-arabias-sabic-working-on-tightening-clariant-ties-sources-idUSKBN1JO2CF2018-06-28
Plastics production is an area where SABIC may implement closer ties with Clariant two of the sources said Neutralhttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-m-a-sabic/saudi-arabias-sabic-working-on-tightening-clariant-ties-sources-idUSKBN1JO2CF2018-06-28
SABIC has a strong plastics business since its Positivehttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-m-a-sabic/saudi-arabias-sabic-working-on-tightening-clariant-ties-sources-idUSKBN1JO2CF2018-06-28
SABIC attributed the profit rise to higher average selling prices and sold quantities Negativehttp://www.reuters.com/finance/markets/article/sabic-results/saudi-basic-industries-corp-reports-5-4-pct-q1-profit-rise-idUSL8N1S60372018-04-29
Three analysts surveyed by Reuters forecast SABIC to make a net profit of 5 Negativehttp://www.reuters.com/finance/markets/article/sabic-results/saudi-basic-industries-corp-reports-5-4-pct-q1-profit-rise-idUSL8N1S60372018-04-29
Saudis petrochemical company SABIC is also keen to invest in a cracker and other facilities in India he said Neutralhttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-india-ief-saudi-refinery/india-saudi-aramco-agree-to-partner-on-44-billion-refinery-petchem-project-idUSKBN1HH36U2018-04-11
Saudi petrochemical company SABIC is also keen to invest in a cracker and other facilities in India Falih said Positivehttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-india-ief-saudi-refinery/india-aramco-to-partner-on-44-billion-refinery-petchem-project-idUSKBN1HH36U2018-04-11
SABIC in talks to join Shell in Nebras petchem project NeutralDUBAI Feb 28 Here are some factors that may affect Middle East stock markets on Wednesday http://www.reuters.com/finance/markets/article/mideast-factors/mideast-factors-to-watch-february-28-idUSL8N1QI06Q2018-02-28
Switzerlands Clariant halts strategic update pending talks with SABIC NegativeDUBAI Feb 11 Here are some factors that may affect Middle East stock markets on Sunday http://www.reuters.com/finance/markets/article/mideast-factors/mideast-factors-to-watch-february-11-idUSL4N1Q00AZ2018-02-11
The solution we have today with SABIC is clearly a better than the merger PositiveZURICH Saudi Basic Industries Corps 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic/clariant-ceo-says-sabic-deal-beats-huntsman-merger-newspaper-idUSKBN1FU0RL2018-02-10
Kottmann said he has worked with SABIC for years not only as a supplier but as a partner on a joint venture NeutralZURICH Saudi Basic Industries Corps 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic/clariant-ceo-says-sabic-deal-beats-huntsman-merger-newspaper-idUSKBN1FU0RL2018-02-10
But SABIC management is very credible and we have a strong understanding there wont be a takeover and an integration PositiveZURICH Saudi Basic Industries Corps 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic/clariant-ceo-says-sabic-deal-beats-huntsman-merger-newspaper-idUSKBN1FU0RL2018-02-10
Clariant would have been dead and wouldnt have survived five more Kottmann said adding SABIC has no desire to pursue such a path NegativeZURICH Saudi Basic Industries Corps 2010 http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-sabic/clariant-ceo-says-sabic-deal-beats-huntsman-merger-newspaper-idUSKBN1FU0RL2018-02-10
SABIC attributed the fall in profit to planned turnarounds at certain plants which hit output and also noted that quarterly profit was helped by recognition of deferred tax assets NegativeDUBAI Jan 28 Shares in Saudi Arabiaís Kingdom Holding soared in early trade on Sunday after owner Prince Alwaleed bin Talal was released from detention but top petrochemical producer Saudi Basic Industries fell on weak fourthquarter earningshttp://www.reuters.com/finance/markets/article/mideast-stocks/mideast-stocks-saudis-kingdom-soars-on-alwaleed-release-earnings-hit-sabic-idUSL8N1PN0662018-01-28
SABIC the number 4 chemical firm said it had no plans now to launch a full takeover of Clariant NegativeZURICH/KHOBAR Saudi Arabia Activist investor White Tale has sold its nearly 25 percent stake in Swiss speciality chemicals group Clariant to Saudi Basic Industries Corp in a surprise move announced on Thursdayhttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-m-a-sabic/activist-white-tale-sells-clariant-stake-to-saudis-sabic-idUSKBN1FE0LG2018-01-25
It said Clariant was informed in advance of the deal by petrochemical producer SABIC already a partner in a catalyst joint venture NegativeZURICH/KHOBAR Saudi Arabia Activist investor White Tale has sold its nearly 25 percent stake in Swiss speciality chemicals group Clariant to Saudi Basic Industries Corp in a surprise move announced on Thursdayhttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-m-a-sabic/activist-white-tale-sells-clariant-stake-to-saudis-sabic-idUSKBN1FE0LG2018-01-25
SABIC is focused on commodity chemicals while Clariant is involved in speciality chemicals business areas like Care Chemicals Natural Resources Catalysis and Plastics Coatings NegativeZURICH/KHOBAR Saudi Arabia Activist investor White Tale has sold its nearly 25 percent stake in Swiss speciality chemicals group Clariant to Saudi Basic Industries Corp in a surprise move announced on Thursdayhttp://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-clariant-m-a-sabic/activist-white-tale-sells-clariant-stake-to-saudis-sabic-idUSKBN1FE0LG2018-01-25
SABIC is 70 percent owned by Saudi sovereign wealth fund Public Investment Fund NegativeZURICH/KHOBAR Saudi Arabia Saudi Basic Industries Corp bought a 25 percent stake in Clariant ending the Swiss speciality chemical groupís fight with activist investors but raising further questions about its futurehttp://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-clariant-m-a-sabic/saudis-sabic-buys-quarter-of-clariant-as-activists-cash-in-idUSKBN1FE0LG2018-01-25
SABIC is already a customer and the pair have a New Jerseybased partnership that licenses chemical process technology to clients including Huntsman and Akzo Nobel NegativeZURICH/KHOBAR Saudi Arabia Saudi Basic Industries Corp bought a 25 percent stake in Clariant ending the Swiss speciality chemical groupís fight with activist investors but raising further questions about its futurehttp://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-clariant-m-a-sabic/saudis-sabic-buys-quarter-of-clariant-as-activists-cash-in-idUSKBN1FE0LG2018-01-25
Clariant intends to engage with SABIC over the coming weeks in order to discuss the new situation and explore possible ways to create the Swiss company said NeutralZURICH/KHOBAR Saudi Arabia Saudi Basic Industries Corp bought a 25 percent stake in Clariant ending the Swiss speciality chemical groupís fight with activist investors but raising further questions about its futurehttp://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-clariant-m-a-sabic/saudis-sabic-buys-quarter-of-clariant-as-activists-cash-in-idUSKBN1FE0LG2018-01-25
HSBC and Credit Suisse advised SABIC two sources familiar with the matter said PositiveZURICH/KHOBAR Saudi Arabia Saudi Basic Industries Corp bought a 25 percent stake in Clariant ending the Swiss speciality chemical groupís fight with activist investors but raising further questions about its futurehttp://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-clariant-m-a-sabic/saudis-sabic-buys-quarter-of-clariant-as-activists-cash-in-idUSKBN1FE0LG2018-01-25