‎PIF’s acquisition of Hadeed to create largest entity in Arab World’s iron industry: Al-Khorayef

‎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.