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End-of-day quote
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5-day change | 1st Jan Change | ||
| 78.8 SAR | -0.13% |
|
-2.60% | -5.63% |
| Apr. 18 | Yansab Names Successor to Outgoing CEO | MT |
| Mar. 06 | Saudi Basic Industries Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
DUBAI (Reuters) - JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco's potential acquisition of a stake in petrochemical maker SABIC, four sources familiar with the matter said.
Late last week, Aramco confirmed a Reuters report that it was working on a possible purchase of a "strategic stake" in Saudi Basic Industries Corp (SABIC) from the Public Investment Fund, the country's main sovereign wealth fund.
Aramco and Morgan Stanley did not immediately respond to a Reuters request for comment. JPMorgan declined to comment.
(Reporting by Hadeel Al Sayegh, Tom Arnold and Rania El Gamal. Editing by Jane Merriman)
| 1st Jan change | Capi. | |
|---|---|---|
| -5.63% | 63.04B | |
| +5.14% | 103B | |
| +39.52% | 39.49B | |
| +12.91% | 36.62B | |
| +7.41% | 32.44B | |
| +6.85% | 19.07B | |
| +12.86% | 16.63B | |
| +16.93% | 15.14B | |
| +7.73% | 14.73B | |
| -16.39% | 13.57B |
SAUDI BASIC INDUSTRIES CORPORATION 
