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 capacit

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.