Offshore Technology on MSN

SABIC to divest EP and ETP businesses for $950m

SABIC will divest its EP business to AEQUITA, while its ETP business will be sold to MUTARES, with the combined enterprise ...
Arabian Gulf Business Insight on MSN

SABIC offloads struggling subsidiaries in Europe and the Americas

Saudi Basic Industries Corp (Sabic) has agreed deals to sell two of its struggling foreign subsidiaries as the loss-making petrochemicals company seeks to streamline its business and re-focus on ...
Chemical Engineering

SABIC to divest European petrochemicals business for $950 million

The Saudi Basic Industries Corporation (SABIC; Riyadh, Saudi Arabia) announced the signing of two strategic transactions to divest its European ...
Packaging Europe

SABIC divests petrochemicals and thermoplastics businesses for €708 million

SABIC has signed two strategic transactions to divest its petrochemicals and regional engineering thermoplastics businesses ...
ZAWYA

Sabic divests key units to optimise portfolio

The Saudi Basic Industries Corporation (Sabic) announced the signing of two strategic transactions to divest its European ...
Plastics Technology

SABIC Divests Plastics Business Units

German investment firms to buy European Petrochemical business as well as Engineering Thermoplastics business in the Americas ...
Investing

Earnings call transcript: SABIC Q3 2025 shows revenue decline and stock drop

Saudi Basic Industries Corp (SABIC) reported its Q3 2025 financial results, revealing a 3% sequential revenue decline to $9.2 billion. Despite this, adjusted net income rose by 45% quarter-on-quarter.