{"id":97149,"date":"2025-05-19T00:00:00","date_gmt":"2025-05-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/19\/sabic-sounds-out-banks-for-potential-gas-unit-ipo\/"},"modified":"2025-05-19T00:00:00","modified_gmt":"2025-05-19T00:00:00","slug":"sabic-sounds-out-banks-for-potential-gas-unit-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/19\/sabic-sounds-out-banks-for-potential-gas-unit-ipo\/","title":{"rendered":"Sabic sounds out banks for potential gas unit IPO"},"content":{"rendered":"

<\/strong>Sabic weigh<\/strong>s IPO of its gas business: <\/strong>Petrochems giant Sabic is sounding out advisors for the potential listing of its Jubail-based gas unit National Industrial Gases (Gas)<\/a>, Bloomberg<\/a> reports, citing sources it says are familiar with the matter.<\/p>\n

What we know so far: <\/strong>The Tadawul-listed parent company is reportedly in early talks with our friends at HSBC to advise on the transaction, alongside global advisory Lazard and bulge bracket banks JP Morgan and Morgan Stanley. The listing is expected to happen this year, the sources said. <\/p>\n

Why Gas<\/strong>?<\/strong> Gas was Sabic\u2019s only unlisted subsidiary to post annual growth in total comprehensive income last year, jumping 59.6% y-o-y to SAR 424.5 mn, according to an earnings report (pdf)<\/a> for FY 2024. The company\u2019s top line inched up 2.6% y-o-y to SAR 1.6 bn.<\/p>\n

This positions Gas as a strong candidate for a potential listing<\/strong> \u2014 one that could offer a much-needed lifeline for the petrochems giant, which has reported losses for two consecutive quarters<\/a> due to rising costs. The industrial gases producer and supplier is 74% owned by Sabic.<\/p>\n

Market reax: <\/strong>Sabic\u2019s share price closed 0.33% down<\/a> yesterday at SAR 60.30 apiece.<\/p>\n","protected":false},"excerpt":{"rendered":"

National Industrial Gases (Gas) could hit the market as early as this year<\/p>\n","protected":false},"author":1,"featured_media":97150,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[10,29,138,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo-watch","tag-sabic","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"eb27aedf-bfd0-4581-85c5-eaf372d55af9","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2268.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sabic sounds out banks for potential gas unit IPO","related_issue":[97144],"teaser":"National Industrial Gases (Gas) could hit the market as early as this year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.b504c6d6-18a2-43d8-9bab-5d618a4c5b0f.mp3"},"yoast_head":"\nSabic sounds out banks for potential gas unit IPO - 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