Saudi SAFCO acquires agri-nutrients business from SABIC

Saudi SAFCO acquires agri-nutrients business from SABIC
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20.11.2020

MOSCOW (MRC) -- Saudi Basic Industries Corp (SABIC)В said on Thursday it had agreed to sell its agri-nutrients business to Saudi Arabia Fertilizers Co (SAFCO), in which it owns a 43% stake, reported Reuters.SAFCO will finance the acquisition by issuing 59.4 million shares, valued at 10 riyals each, to SABIC, raising the fertilizer group's overall share capital by 14.25% to 4.76 billion r

Full article at mrcplast.com

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