Sabic has entered into a share-purchase agreement with its manufacturing affiliate, the Saudi Arabian Fertilizer Company (Safco), under which the latter will acquire the newly formed Sabic Agri-Nutrients Investment Company (Sanic) in exchange for shares. This will increase Sabic’s share holding in Safco to 50.1 per cent. Sabic formed Sanic in 2018 to consolidate all its equity shares and assets currently held in several companies producing agri-nutrient products. Yousef Al-Benyan ...