Saudi Arabia's Sabic Exploring Gas Business IPO, Bloomberg Says, Citing Unnamed Sources

Dow Jones

05-19

-- Saudi Basic Industries Corporation--also known as Sabic--is exploring an initial public offering for its gas business amid a broader operational review, Bloomberg said, citing unnamed sources.

-- The Saudi Arabian chemicals giant is in early-stage talks with potential advisers, including Lazard Inc, HSBC Holdings, JPMorgan Chase & Co and Morgan Stanley, according to Bloomberg.

-- Representatives for Lazard, HSBC, JPMorgan and Morgan Stanley declined to comment and Sabic did not respond to a request for comment, Bloomberg said.

Full story: https://shorturl.at/7bSba

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

May 19, 2025 01:52 ET (05:52 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Co and Morgan Stanley, according to Bloomberg. \n</p>\n<p>\n  -- Representatives for Lazard, HSBC, JPMorgan and Morgan Stanley declined to comment and Sabic did not respond to a request for comment, Bloomberg said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://shorturl.at/7bSba \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Nina Kienle at nina.kienle@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2025 01:52 ET (05:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2242649171.HKD","symbol_name":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2536575575","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536575575","pubTimestamp":1747633920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"-- Saudi Basic Industries Corporation--also known as Sabic--is exploring an initial public offering for its gas business amid a broader operational review, Bloomberg said, citing unnamed sources.-- The Saudi Arabian chemicals giant is in early-stage talks with potential advisers, including Lazard Inc, HSBC Holdings, JPMorgan Chase & Co and Morgan Stanley, according to Bloomberg.-- Representatives for Lazard, HSBC, JPMorgan and Morgan Stanley declined to comment and Sabic did not respond to a request for comment, Bloomberg said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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