SABIC appoints new chairman as Aramco takes control

Saudi Basic Industries Corporation (SABIC) has named a new chairman in line with the company’s takeover by the kingdom’s oil giant Aramco. Khalid Hashim Al Dabbagh will succeed Abdulaziz Saleh Aljarbou, following an approval on June 16, Zawya reports citing Read more

Saudi Aramco to acquire 20 per cent of India’s Reliance Industries Ltd refining unit

Reliance Industries Limited Monday said Saudi Arabia’s global oil giant Aramco is in line to acquire 20 per cent of oil to chemicals business. The investment, according to Reliance Industries Limited chairman, Mukesh Ambani, is the biggest by a foreign Read more