Saudi state-led petrochemicals giant Sabic will continue as a listed company and “will have its own governance” after state petroleum firm Aramco completes its purchase of the 70% stake by government investment fund PIF, according to chief executive Yousef al-Benyan.
Mr Benyan said during an announcement of the company’s third quarter results on 27 October that he does not expect any change to Sabic’s corporate strategy or expansion plans because of Aramco’s buy-in. September’s reshuffling of the kingdom’s energy leadership gives further credibility to Mr Benyan’s words (MEES, 6 September). (CONTINUED - 881 WORDS)
