2010.SR
Saudi Basic Industries Corporation News
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"title": "Ma'aden to increase capital for additional stake in Saudi JV",
"description": "mal Phosphate Company (MWSPC). Ma’aden inked the share purchase and subscription agreement (SPSA) …",
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"snippet": "Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) penned a deal to acquire the entire shares of Mosaic Phosphates B.V. in Ma’aden Wa’ad Al Shama...",
"url": "https://english.mubasher.info/news/4283614/Ma-aden-to-increase-capital-for-additional-stake-in-Saudi-JV",
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"highlight": "The Saudi-listed firm will acquire 210.93 million shares, representing 25% of the share capital of MWSPC, a joint venture (JV) between Mosaic, Ma'aden, and <em>Saudi</em> <em>Basic</em> <em>Industries</em> <em>Corporation</em> (SABIC).",
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"title": "Mosaic on the move after $1.5B sale of stake in Saudi phosphate venture (NYSE:MOS)",
"description": "Mosaic stock rises as it sells its stake in a Saudi joint venture, signaling a focus on North American operations amid dropping fertilizer prices.",
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"snippet": "Mosaic (NYSE:MOS) +2% in Tuesday's trading after saying it agreed to sell its 25% stake in a Saudi joint venture for more than 111M Ma'aden shares valued at ~$1...",
"url": "https://seekingalpha.com/news/4096704-mosaic-on-the-move-after-15b-sale-of-stake-in-saudi-phosphate-venture",
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"highlight": "The Ma'aden Wa'ad Al Shamal Phosphate Company, a joint venture among Mosaic (MOS), Ma'aden and <em>Saudi</em> <em>Basic</em> <em>Industries</em> <em>Corporation</em>, produces ~3M tons/year of fertilizer products.\n\nThe transaction comes as prices for crop nutrient ingredients have dropped significantly from highs that followed Russia's 2022 invasion of Ukraine.",
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Other details
Exchange
- Saudi Stock Exchange
- equity
- Basic Materials
- sa