PIF’s acquisition of Hadeed to create largest entity in Arab World’s iron industry: Al-Khorayef
- Date: 03-Sep-2023
- Source: Argaam
- Sector:Industrial
- Country:Saudi Arabia
PIF’s acquisition of Hadeed to create largest entity in Arab World’s iron industry: Al-Khorayef
Based on a cross-conditional share exchange agreement, Hadeed will acquire a 100% stake in AlRajhi Steel Industries Co. (Rajhi Steel) from Mohammed Abdulaziz AlRajhi Sons Investment Co. (Rajhi Invest), in exchange for newly issued shares in Hadeed.