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Saudi SABIC Considers IPO for Subsidiary Gas Company

SAUDI ARABIA, JUL 9 – SABIC faces a $320 million net loss in Q1 2025 and plans an IPO for its National Industrial Gases unit to improve finances and shareholder value amid market challenges.

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

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Bloomberg broke the news in United States on Wednesday, July 9, 2025.
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