RIYADH  - Saudi Basic Industries Corp (SABIC) has no interest in taking over Swiss chemicals company Clariant despite hiking its stake in the company, its chief executive Yousef al-Benyan told an earnings briefing on Monday.

In March, SABIC disclosed it had raised its stake in Clariant to 31.5% from 25%, saying the increase was part of its strategy to achieve a leadership position in the Specialties business. 

(Reporting by Marwa Rashad; Writing by Saeed Azhar) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))