Home » Saudi Investors »

|| GE division bought a Saudi firm - No! The other way round!

Remember the chaos when a Dubai-based company bought that port company for $6 billion dollars? Now in a deal worth "double" that price, SABIC, the Saudi-based petrochemical company just announced buying GE Plastic division for $12 billion dollars.

GE Plastics, which has 11,000 employees in 20 countries, "is among the largest producers of high-performance polymers used by electronics, office equipment, computer, and automotive manufacturers", reads their company profile. Now SABIC of Saudi Arabia, which in earlier deals had acquired DSM Petrochemicals business in Europe and the Huntsman Petrochemicals business in the UK, owns GE Plastics as well.

A new controversy anyone?

May 23, 2007 |  Filed under Saudi Investors

Previous Post: GCC millionaires = millionaires of India and China combined
Next Post: Standard Chartered to move 50-100 jobs to Dubai from London

More from Saudi Investors ...

  Saudi Investors of Riyad Valley acquired stake in California firm Solexel for $70 million

  Saudi and Bahrain investors acquired Byrne for $160 million

  Saudi investors of Alkhabeer acquired stake in Express Group

  Saudi investors of Alkhabeer acquired real estate in Houston

  Saudi family office acquired Four Seasons Toronto for $200 million

  Saudi private equity firm invested $45 million in 10 global companies

  Alkhabeer Capital to launch a $400 million fund

  Saudi Aramco to invest up to $120 million in Europe

  Saudi investors Al-Tuwairqi rescued UK steel firm out of administration

  Takaful Emarat and Riyad Capital launched $5.3 million global equity investment fund

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

Copyright 2007-2023 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter

Powered by Insightice