Saudi Aramco And SABIC

Saudi Arabian Oil Co., as the company is formally known, pledged an annual dividend of $75 billion for the first five years to attract investors to its initial public offering in December last year

In March this year Saudi Aramco, the world's biggest oil company, agreed to buy a 70 per cent stake in SABIC

Aramco also has a wholly-owned subsidiary in India called Aramco Asia India which is engaged in purchasing and other services.

Private sector investment has slowed in the last few years because of low oil prices and government austerity policies