# Saudi Aramco to acquire 70% stake in SABIC for US$69B

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.

- Type: Acquisition
- Announced: 2019-03-29
- Where: Saudi Arabia
- Value: $69.0B
- Status: announced
- Products: chemicals, petrochemicals
- 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) (acquirer)
- [SABIC](https://endata.com/companies/3200.md) (target)
- [Public Investment Fund of Saudi Arabia](https://endata.com/companies/38342.md) (partner)

## Sources

- [ecoplasticsinpackaging.com](https://ecoplasticsinpackaging.com/mergers-acquisitions/saudi-aramco-to-buy-majority-share-in-sabic/), 2019-03-29: "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."

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