Saudi Aramco to decide in H1 on financing SABIC buy: CEO

Saudi Aramco said yesterday it expects to decide by mid-2019 how to finance the acquisition of Saudi Arabian Basic Industries Corp (SABIC). "The decision on financing the SABIC acquisition is expected to be taken in the first half," said Amin Nasser, chief executive of Aramco. "W

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Published 21 February 2019, 8:00 · Updated 12:13

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Saudi Aramco to decide in H1 on financing SABIC buy: CEO

Saudi Aramco said yesterday it expects to decide by mid-2019 how to finance the acquisition of Saudi Arabian Basic Industries Corp (SABIC). “The decision on financing the SABIC acquisition is expected to be taken in the first half,” said Amin Nasser, chief executive of Aramco. “We have internal resources, then of course there are banks and the bond market, which we are evaluating at the moment,” he added.

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