On 25 January 2018, the Saudi-Arabia based chemical group SABIC International Holdings B.V., Sittard, The Netherlands, controlled by the Public Investment Fund of Saudi Arabia (PIF) Riyadh, Saudi Arabia, announced the acquisition of a 24.99% stake in Clariant. This acquisition of shares, which were previously held by the White Tale Holdings LP, Cayman Islands, Corvex Holdings LLC, Cayman lslands, and 40 North Latitude Master Fund Ltd., New York, makes SABIC the largest Clariant shareholder.