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‘SABIC Capital Ltd.' formed in the Netherlands
Saudi Press Agency Published in Saudi Press Agency on 28 - 10 - 2008

The Saudi Basic Industries Corporation (SABIC) has announced the establishment of a new wholly-owned company. The company, SABIC Capital Ltd., is based in the Netherlands, according to a latest report of carried by the Corporation's website.
Mohamed Al-Mady, SABIC Vice Chairman and CEO, said the new company will be primarily responsible for the financing and tax operations of SABIC's investments in Europe and USA following the acquisition of DSM Petrochemicals, GE Plastics, and other acquisitions.

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