bio Basic Industries Corporation ( SABIC ) is evaluating between $ 3bn and $ 5000 of potential acquisitions over the next five years in specialty chemicals and agri - nutrients , said CEO Yousef Abdullah al - Benyan . SABIC is already looking at two clusters of specialty chemicals with operations in Europe , the Middle East and China , and could reach a decision by the second quarter of 2018 , Benyan said . The company is also looking for ways to expand its bio - nutrients operations in Africa and South America , he said .
Saudi Basic Industries Corporation (SABIC) is evaluating between $3bn and $10bn of potential acquisitions over the next five years in specialty chemicals and agri-nutrients, said CEO Yousef Abdullah al-Benyan. SABIC is already looking at two producers of specialty plastics with operations in Europe, the Middle East and China, and could reach a decision by the second quarter of 2018, Benyan said. The company is also looking for ways to expand its agri-nutrients operations in Africa and South America, he said.