# Aramco completes acquisition of 70% stake in SABIC for $69.1 billion

Aramco has completed the acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund for SAR 259.125 billion (US$69.1 billion).

- Type: Acquisition
- Announced: 2020-06-17
- Where: Saudi Arabia
- Value: $69.1B
- Status: completed
- Products: petrochemicals, agri-nutrients, specialty products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Aramco](https://endata.com/companies/2946.md) (acquirer)
- [SABIC](https://endata.com/companies/3200.md) (target)
- [Public Investment Fund](https://endata.com/companies/47932.md) (partner)

## Sources

- [aramco.com](https://www.aramco.com/en/news-media/news/2020/saudi-aramco-completes-acquisition-of-70-percent-stake-in-sabic), 2020-06-17: "Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF)"

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