SABIC announces latest updates on its acquisition of shares in Swiss Clariant AG

With reference to the announcement made by SABIC on Tadawul on January 25, 2018 regarding the acquisition of a 24.99% equity interest in Swiss Clariant AG, SABIC would like to announce that all regulatory approvals have been completed in relation to the acquisition of the shares.

Clariant is a leading global supplier of catalysts, natural resources and packaging. The transaction is in line with SABIC’s strategy of product diversification, providing innovative solutions to customers, and becoming a global leader in the specialties sector.