Dow Considers Exiting $20B Aramco Partnership With Sadara JV
Dow shares rose nearly 5% in premarket trading as reporting said Dow is weighing an exit from its Aramco-linked joint venture, Sadara Chemical Co, in Saudi Arabia’s Jubail. The venture runs a chemicals and plastics complex with capacity over 3 million metric tons annually. Dow holds a minority stake, and Aramco could seek to buy it, though no final decisions have been made.
Coverage (6)
- Dow weighs a Saudi chemicals retreat as Sadara review deepens (chemicals.economictimes.indiatimes.com)
- Dow Eyes Exit From $20 Billion Saudi Petrochemical Megaproject (finance.yahoo.com)
- Dow Eyes Exit From $20 Billion Saudi Petrochemical Megaproject (oilprice.com)
- Dow explores potential exit from $20 billion Saudi Aramco chemicals venture, Bloomberg reports (investorshub.advfn.com)
- Dow weighs exit from $20 billion partnership with Aramco, Bloomberg News reports (reuters.com)
- Dow Said to Weigh Exit From $20 Billion Saudi Chemicals Venture (bloomberg.com)