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Saudi Aramco has agreed to acquire a 70% majority stake in SABIC from the Public Investment Fund of Saudi Arabia in a private transaction valued at approximately US$69 billion.
“Saudi Aramco has agreed to acquire a 70 per cent majority stake in SABIC from the Public Investment Fund of Saudi Arabia in a private transaction.”ecoplasticsinpackaging.com
Summarized from public sources; check the original articles before acting on it.