Saudi Arabia’s SABIC to sell Hadeed SABIC to Public Investment Fund

Saudi Arabia’s Saudi Basic Industries Corporation (SABIC) announced that it will sell 100% of its steel subsidiary Hadeed SABIC to the Public Investment Fund, SABIC said on Sunday, September 3.

The sale, which will be 12.5 billion riyals ($3.32 billion) is expected to be finalized in the first quarter of 2024, SABIC said in a stock exchange release.


Serife Durmus

September 04, 2023

07:27 GMT