Saudi Aramco Is Said to Be Near Deal to Acquire $70 Billion Sabic Stake

The transcript discusses a nearing $70 billion deal where Saudi Aramco plans to acquire a 70% stake in SABIC. This acquisition is part of Saudi Arabia's strategy to diversify investments away from fossil fuels, aligning with the Vision 2030 plan. The deal, which has been in negotiation since last year, is expected to be announced soon. It involves transferring funds from Aramco to the Public Investment Fund, allowing for investments outside the oil and gas industry. The transcript also covers the challenges and timing of the deal, as well as potential financing methods, including international bonds and bridging loans.

How does this deal reflect Saudi Arabia's vision for diversifying its economy?

What are some potential financing methods mentioned for the deal?