SABIC Sells European Petrochemicals Business for SAR 1.875B
SABIC 2010.SA | 59.55 | 0.00% |
On January 8, 2026, Saudi Basic Industries Corporation (SABIC) announced an agreement with AEQUITA to divest 100% of its shares in SABIC Europe B.V. for an enterprise value of SAR 1,875 million. The transaction includes production facilities in the UK, Netherlands, Germany, and Belgium, with consideration settled via two perpetual vendor notes repayable based on future cashflows. Signed on January 7, 2026, with closing anticipated in Q4 2026 subject to regulatory approvals, the divestment represents a strategic portfolio optimization to prioritize high-growth markets and improve SABIC's return on capital employed. The fair valuation is expected to result in a non-cash loss of approximately SAR 10.8 billion in SABIC's Q4 2025 earnings.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92518&anCat=1&cs=2010&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/23754_381_2026-01-07_20-34-07_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/23754_381_2026-01-07_20-34-12_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.