SABIC statement on media reports on its acquisition of a stake in Brazilian Braskem Chemicals

Some media outlets, quoting Brazilian-based publications, are circulating stories claiming SABIC’s intention to make an offer to acquire a stake in the Brazilian Braskem.

SABIC would like to emphasize that this information is incorrect.  SABIC’s policy is based on conducting business with full transparency in its disclosures and announcing any investment decisions

SABIC stresses the importance of obtaining accurate information through its official channels.