Saudi Basic Industries Corporation (SABIC) is evaluating between $3bn and $10bn of potential acquisitions over the second quarter of 2018 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 next five years, Benyan said. The company is also looking for ways to expand its agri-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.