$6.4 billion Sabic investment plan approved

Published June 15th, 2004 - 02:00 GMT
Al Bawaba
Al Bawaba

Saudi Basic Industries Corporation (Sabic) board of directors, which met Monday under the chairmanship of Prince Saud ibn Abdullah ibn Thunayan Al Saud, approved the $6.4 billion investments plan. 

 

Sabic Vice-Chairman and CEO, Mohammed Al Mady said, “The approval of ambitious expansion plan demonstrate company’s expansion strategy to become a leader in the global petrochemical industry.” (menareport.com)

© 2004 Mena Report (www.menareport.com)