Dow is considering exiting its 35% stake in the roughly $20bln Sadara chemicals
JV with ARAMCO, sources said, part of US companies reshaping portfolios amid a
prolonged industry downturn. ARAMCO could buy Dow’s shares and raise its
holding, and other strategic or financial bidders may compete; no final decision
has been taken and Dow could decide not to sell. Sadara, founded in 2011, is an
integrated chemicals complex with more than $20bln invested, 26 production units
and over 3 mln tpa capacity. Dow has retained debt exposure to Sadara, including
a guarantee on a $500m revolver; Sadara drew $80m from that facility in Q4 2025.
