The owners of Saudi Arabia’s National Industrial Gases Company are considering an IPO. In separate announcements on the Tadawul stock exchange, Sabic (74% stake) and National Gas and Industrialization Company (9%) announced that they are evaluating a potential IPO of the firm, which is the sole supplier of nitrogen and oxygen to Sabic’s domestic operations.
Sabic says that the potential IPO is “in line with Sabic’s priorities of optimizing its portfolio and focusing on its core business.” (CONTINUED – 328 WORDS)
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