Sabic Is Said to Consider IPO of Specialty Chemicals Business

Sabic Is Said to Consider IPO of Specialty Chemicals Business

Photographer: Krisztian Bocsi/Bloomberg









Photographer: Krisztian Bocsi/Bloomberg





Saudi Basic Industries Corp. is considering an initial public offering of its multibillion-dollar specialty chemicals unit, people familiar with the matter said.Sabic is speaking with advisers as it weighs a potential listing of the business as early as 2021, the people said, asking not to be identified as the matter is private. Specialty chemicals, which Sabic recently carved out as a separate unit, generate about $2 billion of annual revenue, the people said.