Saudi Aramco announced that its proposed acquisition of a majority stake of 70% in the Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund in the Kingdom of Saudi Arabia has acquired On the unconditional approval of the European Commission.

The company said in a statement to the Saudi market (Tadawul) today, Sunday, that with that approval the proposed acquisition process would have obtained unconditional approval in all countries and judicial regions that are required It includes submitting pre-orders to the approval of antitrust agencies.

According to the statement, the proposed closing of the deal remains subject to the usual remaining terms of closure contained in the share purchase agreement.

The company indicated that it believes that the statements and future expectations of the deal are based on reasonable assumptions and expectations, however, it must be warned that these statements and future expectations do not constitute a guarantee for the future. < / p>

She also noted that many of the risks and factors may cause the facts to differ materially from those expected in the statements and future expectations.