SABIC sells Alba shares to Ma’aden
SABIC, a Saudi-based global diversified chemicals company, has signed an agreement with Saudi Arabian Mining Company (Ma'aden) for the sale of its 20.62% shareholding in Aluminum Bahrain (Alba). The sales proceeds are expected to be within a range of BD363 million ($963.45 million) to BD398 million ($1,056.34 million), said a statement.