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

Dow Jones

May 19, 2025

-- 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)

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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":"LU1366192091.USD","symbol_name":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","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":{"LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0106831901.USD":"贝莱德世界金融基金A2","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0882574139.USD":"富达环球消费行业基金A ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","03143":"华夏香港银行股","HSHD.SI":"HSBC HK SDR 5to1","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1032466523.USD":"高盛全球多资产收益组合Acc","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4581":"高盛持仓","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","HSBC":"汇丰","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","BK4534":"瑞士信贷持仓","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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