Wednesday 7 October 2015

Sabic to buy land from Dar Al Arkan

Riyadh, May 23, 2012

Saudi Basic Industries Corp (Sabic), the world's biggest petrochemicals group by market value, is buying part of a residential project from Saudi builder Dar Al Arkan for 741.7 million riyals ($197.77 million), the two companies said on Wednesday.

Dar, the kingdom's largest property developer with a $1 billion Islamic bond maturing in July, said it will book gains from the Sabic land sale in the second quarter of 2012. - Reuters

Tags: sabic | petrochemical | Dar Al Arkan |

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