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  • 29-08-17

    Dow Chemical to increase stake in Saudi Sadara with Aramco

    (MENAFN) The Dow Chemical Company had announced it signed a Memorandum of Understanding (MOU) with Saudi Aramco which sets forth a process to acquire an additional 15% ownership interest from Saudi Aramco in Sadara Chemical Company (Sadara).

    The equity ownership is currently split 65% for Saudi Aramco and 35% for Dow, and if the potential transaction is concluded as presently proposed, both will hold 50% stake in Sadara.

    Andrew Liveris, Dow"s chairman and CEO said in a statement: "Sadara is the result of a game-changing partnership between Saudi Aramco and Dow by delivering market-driven solutions that support the diversification of the country"s economy."

    MENAFN2908201700450000ID1095784748

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