SABIC going through a restructuring process, aimed at cutting spending
According to an article on Argaam, the Chairman of Saudi Basic Industries Corporation (SABIC) [2010.SE], Prince Saud Bin Abdullah Bin Thenayan Al Saud, mentioned that the company is going through a restructuring process across its i) sales; ii) markets; and iii) the size of its investment. The Chairman added that the company is also moving towards cutting spending as well as improve cost efficiencies. (Argaam)
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