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Alujain finalizes SAR 1.9 bn sale of 35% stake in NATPET
Alujain will pay down debt and make new investments
Sipchem inks refinancing agreement with BSF, AlRajhi. Plus: trade, pharma and infrastructure
Sahara International Petrochemical Company (Sipchem) | Sahara and Ma’aden Petrochemicals Co (Samapco) | Banque Saudi Fransi | AlRajhi Bank |…
US Secretary of State Antony Blinken is due back in Saudi for World Economic Forum special meeting + talks with Crown Prince
Plus: Tense talks continue in Ottawa on global plastics treaty
Sabic opens world’s first demo plant for electrically-heated steam cracking furnace
The technology could potentially cut emissions from the energy-intensive production process by at least 90%
Riyad Capital says listed software, services, and healthcare companies will post fastest earnings growth in 1Q
The domestic IT sector is expected to grow 8% y-o-y in 2024
Sabic, Fujian Energy Petrochemical JV break ground on world-scale petrochem complex in China
They also signed an undisclosed project financing loan agreement for the complex
Mawani completes SAR 1 bn Jeddah Islamic port upgrade + Cenomi opens U Walk Jeddah
Plus: Petchems, education, startups, manufacturing, aviation and more
Units of Sinopec, Tecnicas Reunidas land USD 3.3 bn Aramco contract
The JV is 65% owned by Tecnicas with the remaining 35% stake held by Sinopec
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