DUBAI, Jan 22 (Reuters) - Saudi Basic Industries Corp(SABIC) has signed an agreement to acquire theremaining stake of its joint venture with Shell Arabia, a unitof Royal Dutch Shell in Saudi Arabia for $820 million,SABIC said on Sunday.
The agreement which is expected to be complete before theend of this year is subject to regulatory measures, SABIC said.
It said it signed another memorandum of understanding onSunday with Shell Arabia to boost cooperation in internationaland local investment opportunities.
(Reporting by Hadeel Al Sayegh; Writing by Reem Shamseddine;Editing by Elaine Hardcastle)