The agreement concerns the Saudi Methanol Company (Ar-Razi), a joint venture (JV) between the two companies, in which SABIC controls a 75% stake, and JSMC
The 'BB+' IDR and bond rating reflect JSMC
's weaker leverage position, which is in line with the below investment-grade rating level.
Under the agreement, according to a filing on Tadawul, Sabic will raise its stake in Arrazi to 75% by buying half of JSMC
's share in the company - which makes up 25% of all Arrazi shares - for $150m (SAR562.7m).
The talks also touched upon the role of the JSMC
in increasing volume of trade exchanges and investments between Syria and Malaysia opening new horizons for bilateral cooperation.
Under the agreement, which was approved by regulatory bodies, Sabic will raise its stake in Ar-Razi to 75 per cent, reducing JSMC
's shareholding in Ar-Razi to 25 per cent.
's home musical production Nem Rajul and Karmic Forces received an overwhelming response as much as the professional productions Sheth Motisha and Veer na Varasdaar played by Rangat Productions of Mumbai.
Founded in 1970, JSMC
caters to the religious, educational, cultural and community needs of Jains in and around Chicago.
Bien parti pour acceder en Ligue 2 professionnelle, la JSMC
n'aura aucune pression sur les epaules, elle qui a deja realise une performance avec cette qualification au carre d'or de dame coupe.
Et de poursuivre: [beaucoup moins que]C'est vrai qu'entre le MCA et la JSMC
, il y a deux classes d'ecart, mais cela n'est pas une raison pour sous-estimer cette equipe.