News
19 September 2024

SABIC to sell stake in Alba to Ma'aden for about $1bn

In:
Chemicals/Petrochemicals
Region:
Middle East & Africa

Petrochemical group Saudi Basic Industries Corp will sell its minority stake in Aluminium Bahrain (Alba) to Saudi mining firm Ma'aden for around $1 billion.The sale proceeds from the 20.62% stake are expected between BHD363 million ($963.25 million) and BHD398 million ($1.06 billion), SABIC said...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
05 May 2026

Glencore scales new peaks with Project Matterhorn

Glencore has entered the securitisation market for the first time with an industry-leading receivables transaction. The challenges involved were significant, even for a...

Video
05 May 2026

Trade waits for no-one: Nexent Bank on navigating volatility

Selim Caydamli, global head of structured trade & commodity finance at Nexent Bank, joins the TXF In-Depth podcast to discuss geopolitical turmoil and the importance of...