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

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...