PIF Statement on recent speculation regarding Aramco’s interest to acquire an ownership position in SABIC

Riyadh, The Public Investment Fund (PIF) refers to recent media speculation regarding Saudi Aramco's interest to acquire an ownership position in Saudi Basic Industries Corporation (SABIC).

PIF would like to note that it is in very early-stage discussions with Saudi Aramco regarding a potential sale to Saudi Aramco of a strategic interest in SABIC, but the discussions remain in a very early-stage and there is a possibility that no agreement will be reached in relation to this potential transaction.

PIF will announce any material developments in this regard according to applicable regulatory.

Source: Saudi Press Agency