Basell International Holdings B.V. signed an agreement to acquire 35% stake in National Petrochemical Industrial Company from Alujain Corporation (SASE:2170) for SAR 1.87 billion on January 16, 2024. The agreement is signed to take a 35% stake, representing 37.45 million shares in NATPET?s capital. The terms of transaction includes preconditions and warranties related to amendments to the structure of NATPET and the new project company, and obtaining the necessary approvals from the relevant authorities as per the terms of the agreement.