UAE's Global Investment Holding acquiring 30% of Egypt’s state tobacco producer Eastern Company for $625 million & PIF acquiring 100% of Hadeed from SABIC for $3.3 billion, on the #DailyBrief with Ramia Farrage #Forbes #UAE #Egypt #SaudiArabia #China #Japan #Jordan #Iraq #Gold #US #Barbie #BoxOffice الصفحة الرسمية للشركة الشرقية " إيسترن كومباني" Public Investment Fund SABIC Corporate ACWA Power | Forbes Middle East English
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🏛️ What is SABIC? The Identity: Headquartered in Riyadh, SABIC is one of the world’s largest diversified chemical companies. Ownership: It is 70% owned by Saudi Aramco, following a historic acquisition in 2020. Global Reach: It operates in over 50 countries with a massive workforce of 31,000 employees. ⚙️ Core Business Segments SABIC focuses on turning raw hydrocarbons (oil and gas) into high-value products: 🔴Petrochemicals: Creating the building blocks for plastics, chemicals, and polymers us
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