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SABIC raises stake in Ar-Razi

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Under the agreement, SABIC will raise its stake in Ar-Razi to 75 per cent by purchasing half of Japan Saudi Arabia Methanol Company’s (JSMC) share.

Thursday 06, December 2018 BY KUDAKWASHE MUZORIWA

Saudi Arabia's SABIC has signed an agreement with the JSMC, renewing its partnership in the Saudi Methanol Company (Ar-Razi) for another 20 years, reported Reuters.

In a statement, SABIC stated that the acquisition will reduce JSMC’s stake in Ar-Razi to 25 per cent.

TAGS : SABIC, Ar-Razi , JSMC

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