Dow Inc. is considering selling its reported 35% stake in Sadara Chemical Co., its joint venture with Saudi Aramco, as a prolonged chemicals downturn and the Iran war weigh on operations and finances. Aramco could be a potential buyer, while strategic and financial investors may also show interest; no final decision has been made. Sadara’s $20 billion integrated complex in Jubail Industrial City was the world’s largest such facility built in a single phase when completed. Its 26 plants can produce more than 3 million metric tons of performance plastics and high-value chemicals annually. The complex was temporarily shut earlier this year after conflict-related supply disruptions. Dow reported a negative $793 million investment balance in Sadara as of June 30 and suspended recognition of losses from the venture during the first quarter of 2026. The potential sale fits Dow’s broader effort to streamline its portfolio, reduce costs and improve profitability, including plans announced in January to cut roughly 13% of its workforce.