SABIC Buys Strategic Stake in Clariant

SABIC
SABIC
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SABIC Buys Strategic Stake in Clariant

SABIC
SABIC

Saudi Basic Industries Corp (SABIC) has agreed to acquire approximately 83 million shares in Clariant, a global specialty chemicals company, from 40 North and Corvex Management.

With the purchase of a 24.99 percent stake, Riyadh-based SABIC becomes Clariant’s largest investor, Sabic said in a statement Thursday, pointing out that its move represents another key milestone in its growth and diversification strategy to become the preferred world leader in chemicals.

“This acquisition is part of SABIC's long-term growth strategy to remain committed to product differentiation and creating value for its customers. Clariant AG is complementary to SABIC’s existing specialties business and is well in line with SABIC’s strategy of opening up new growth opportunities in specialty chemicals,” SABIC CEO Yousef al-Benyan said in a statement.

SABIC currently has no plans to launch a full takeover of Clariant, Benyan added.

For his part, Co-CEO of Standard Industries and 40 North David Millstone said: "We have been significant shareholders of Clariant since 2016. SABIC's strategic investment in Clariant is a successful outcome and we are pleased to have played a role in making it possible."

SABIC and Clariant have already had a successful relationship in their joint venture, Scientific Design, a process technology and catalyst development company.



Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
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Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025

The General Authority for Statistics (GASTAT) reported that the annual inflation rate in Saudi Arabia remained stable at 2.3% in June 2025 compared to the same month of the previous year.

The Consumer Price Index (CPI) also remained steady at 0.2% in June 2025 compared to May 2025, on a monthly basis.

Similarly, the Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025 compared to the same month last year. However, the WPI decreased by 0.1% in June 2025 compared to May 2025.

According to GASTAT, CPI reflects price changes paid by consumers for a fixed basket of 490 goods and services. This basket was selected based on the results of the 2018 Household Income and Expenditure Survey. Prices are collected through field visits to points of sale, and the CPI statistics are published monthly.