Aramco, Dow to become equal partners in Sadara JV

Dhahran, Saudi Arabia – Dow Chemical Co. and Saudi Aramco have signed a non-binding memorandum of understanding (MOU) for Dow to acquire an extra 15% stake in their Sadara joint venture.

The proposed deal would see Dow and Saudi Aramco would each hold a 50% equity stake in Sadara, noted a 28 Aug Aramco release. Financial terms were not disclosed.

The ‘equity equalization’, said Aramco, would follow: the intended separation of the Materials Science Company, within 18 months after the close of the merger between Dow and…

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