Saudi Aramco, listed by Tadawul, acquires 17% of Hyundai Oil bank

Saudi Aramco has completed the $1.2bn acquisition of a 17 % stake in South Korean trained worker Hyundai Oil bank from Hyundai Heavy Industries.

All necessary regulative approvals are secured for the acquisition, the energy large aforesaid in a very statement issued late on Tuesday.

"The investment in South Korea’s Hyundai Oil bank supports Sau....