Dow may exit Sadara joint venture

Dow, the American chemical company, is considering divesting from its joint venture "Sadaf" with Saudi Aramco, which is valued at over $20 billion. Dow owns a 35% stake in the project. The goal is to reorganize its investment portfolio and focus on higher-yield activities, especially amid the decline in the global chemicals industry. If the sale proceeds, Aramco could increase its stake or attract another investor. The project is considered one of Aramco's most significant investments in the Saudi chemicals sector and is a vital part of its strategy to transform into an integrated energy and chemicals company, with an emphasis on diversifying income sources and reducing dependence on oil. The study is still ongoing, and no final decision has been made by the company yet.

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