SABIC integration into Saudi Aramco will not entail asset disposals

Saudi Basic Industries Corporation’s CEO Yousef Al-Benyan said the company’s integration into Saudi Aramco will not entail asset disposals, as the chemicals producer is looking to expand its production volumes. In addition to investments in Saudi Arabia, SABIC is looking to expand its footprint in the United States, Asia, and Africa, Benyan said, as the company expects to update its long-term strategy by Q3.