# Dow to acquire additional 15% stake in Sadara joint venture from Saudi Aramco

Dow Chemical and Saudi Aramco have signed a non-binding MOU for Dow to acquire an extra 15% stake in the Sadara joint venture, making them equal 50% partners. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2017-08-28
- Where: Dhahran, Saudi Arabia, Saudi Arabia
- Status: announced
- Products: polymers, elastomers, specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Saudi Aramco](https://endata.com/companies/304.md) (target)
- [Dow Chemical](https://endata.com/companies/2284.md) (acquirer)
- [Sadara](https://endata.com/companies/20787.md) (target)

## Sources

- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2065565/aramco-dow-to-become-equal-partners-in-sadara-jv), 2017-08-30: "Increasing our equity stake in this iconic joint venture is a powerful example of our strategic partnership with Saudi Aramco."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.