Saudi SABIC Considers IPO for Subsidiary Gas Company

Saudi Chemicals Giant SABIC Weighs Listing of Industrial Gas Unit

Saudi Basic Industries Corp (SABIC) is considering listing National Industrial Gases Company (GAS) as part of a review into the strategic options for its unit, the Saudi chemicals giant said on Wednesday. The study and evaluation of certain strategic options concerning the National Industrial Gases Company is in line with SABIC’s priorities of optimizing its portfolio and focusing on its core business, said the company, which is 70% owned by Sau…

Future Investment Initiative architect plans share sale

The organizer behind Saudi Arabia’s Future Investment Initiative conferences is considering an initial public offering. Richard Attias & Associates, named after its founder and chairman, is working with banks including Evercore to prepare for a share sale, Bloomberg reported.Attias’ firm has helped put Riyadh on the map in a way few could have imagined in 2017 when it organized the first FII. At that time, it was difficult to even get into Saudi…

Saudi SABIC considers IPO for subsidiary Gas company

Saudi Basic Industries Corporation (SABIC) is studying strategic options for its National Industrial Gases Company (Gas) subsidiary, including a potential initial public offering.

Saudi chemicals group SABIC studying IPO of its gas unit

DUBAI: Saudi chemicals group SABIC said on Wednesday it was studying strategic options for its National Industrial Gases Company, including an initial public offering, amid a broad review of its business. SABIC said in a statement that the move was in line with its portfolio optimization and core business focus strategy, adding that an IPO of GAS would be aimed at improving

Saudi Chemical Maker Sabic Evaluating IPO of Industrial Gas Unit

Saudi chemical maker Sabic is evaluating a share sale for its industrial gases unit as the company focuses on its core business and undergoes a restructuring.

Sabic tells Tadawul it plans to list industrial gas unit

IPO feasibility study is underway GAS would list on the Tasi Subject to regulatory approval Saudi Basic Industries Corporation (Sabic), which is 70 percent owned by Saudi Aramco, has confirmed plans to offer shares in its industrial gas subsidiary on the local stock exchange. The feasibility study for the possible initial public offering (IPO) of National Industrial Gases Company (GAS) on the main market (Tasi) is ongoing, the petrochemical majo…