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Shell Completes Sale of SADAF Chemicals to SABIC for $820 Million

Royal Dutch Shell Plc., August 16, 2017

Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was originally announced on January 22, 2017. Completion follows anti-trust filings in the relevant countries and regulatory approval from the Kingdom of Saudi Arabia.

This acquisition will enable SABIC to optimize operations at SADAF and further invest in the facilities, integrating them with SABIC’s other affiliates. This step will allow Shell to focus its downstream activities and make selective investments to support the growth of its global chemicals business. Completion of this deal shows the clear momentum behind Shell’s global, value-driven $30 billion divestment program.

This deal does not impact Shell’s other interests in the Kingdom of Saudi Arabia.


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