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Announced

Completed

SABIC completed the acquisition of a 28% stake in Mowreq Specialized Agriculture.

Synopsis

SABIC, manufacturer of chemicals and steel, completed the acquisition of a 28% stake in Mowreq Specialized Agriculture, offering locally-grown, safe, clean, and nutritious food using aquaponic and hydroponic farming techniques. Financial terms were not disclosed.

Principals

Mowreq Special Agriculture Company

target

Mowreq Special Agriculture Company

Saudi Basic Industries Corp (sabic)

bidder

Saudi Basic Industries Corp (sabic)

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Market Context

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Bidder Team (2)

aa

abdulrahman al-fageeh

CEO at SAUDI BASIC INDUSTRIES CORP (SABIC)

Manager

bidder

5

Deals

£ 3.35 B

Total Value

ab

assad butt

Senior Director at BDO

Accountant

bidder

6

Deals

n/a

Total Value

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