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National Petrochemical Company

National Petrochemical Company latest

SIIG, Petrochem Start Merger Discussions
September 21st, 2020 - 11:00 GMT

SIIG, Petrochem Start Merger Discussions

Saudi Industrial Investment Group (SIIG) and the National Petrochemical Company (Petrochem) said that they have decided to start discussions on a potential deal to merge the two companies. The SIIG and Petrochem boards have approved initial discussions to study the economic feasibility of merging the two companies, but no agreement has yet been reached on the final structure of the potential deal, the companies said in separate statements. If the ...
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