Saudi Aramco logo in Reuters image.
DUBAI (Reuters) – Saudi Aramco said in a bond issue that it intends to complete the acquisition of 70 percent of Saudi Basic Industries Corporation (SABIC) in 2020.
Aramco agreed last week to buy a majority share in the Saudi public investment fund for $ 69.1 billion.
Aramco revenue at the end of last year was $ 315.24 billion and the net profit of $ 111.07 billion, the bulletin showed.
Prepared by Ahmed Alhami for the Arabic publication