Saudi's Tadawul delists Petrochem on SIIG’s acquisition

The delisting took place by the end of April 12

Staff Writer, Mubasher

April 14, 2022

PHOTO

Riyadh – The Saudi Exchange (Tadawul) has announced the delisting of National Petrochemical Company’s (Petrochem) shares.

The delisting took place by the end of Tuesday, 12 April, according to a bourse disclosure on Wednesday.

This came after Saudi Industrial Investment Group (SIIG) fully acquired Petrochem’s shares this week.

It is worth noting that the two companies had signed a non-binding memorandum of understanding (MoU) for the acquisition transaction last September.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO