Riyadh- Mubasher: Saudi Basic Industries Corp (SABIC) is planning for investing between $3 billion and $10 billion on acquisition deals over the next five years in the specialties and agri-nutrients, CEO Yousef Al Benyan told Reuters on Tuesday.
The petrochemical producer was weighing up two potential takeovers in the specialties, Al Benyan said, forecasting that the company may take a decision on investments by the second quarter of 2018.
Moreover, SABIC considered teaming up with Exxon Mobil to invest in a cracker in Texas by the end of 2018, he added.
